Aerovias de Mexico, a subsidiary of Aeromexico), closed a syndicated credit facility for an amount of $200 million in revolving mode with a term of three years. It marks Aeromexico's successful return to the Mexican banking market.
In the transaction, Mexican bank BBVA Mexico acted as sole global coordinator, sole bookrunner and agent in the structuring and syndication of the loan with the participation of national and international banks.
With this agreement, Aeromexico obtains liquidity for its ordinary operation, using the proceeds towards new investments and objectives aligned with its business plan.
BBVA said in a statement: ""The closing of this transaction confirms BBVA Mexico's leadership in syndicated loan operations, reiterating the institution's commitment to support and promote the growth of customers and companies to build a better future for people.""
Moody's upgraded Aeromexico's corporate rating to B2 earlier in the year, along with changing its outlook from stable to positive.
Aeromexico returns to Mexican banking market, closes $200 million syndicated loan
