By Sarah Lizee
Olympia, Wash., Jan. 31 – Grupo Aeromexico SAB de CV sold $400 million of 7% senior notes (B2/BB-) due February 2025, according to a press release.
The Rule 144A and Regulation S notes were issued through subsidiary Aerovias de Mexico, SA de CV and are guaranteed by the parent.
After a roadshow in the United States and Europe, the issuance was oversubscribed by almost three times the amount offered.
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC acted as joint bookrunners for the notes.
Grupo Aeromexico, a holding company for commercial aviation, is based in Mexico City.
| Issuer: | Aerovias de Mexico, SA de CV
|
| Guarantor: | Grupo Aeromexico SAB de CV
|
| Issue: | Senior notes
|
| Amount: | $400 million
|
| Maturity: | February 2025
|
| Bookrunners: | Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC
|
| Coupon: | 7%
|
| Settlement date: | Jan. 31
|
| Ratings: | Moody’s: B2
|
| S&P: BB-
|
|
|
| Distribution: | Rule 144A and Regulation S
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
