Grupo Aeroméxico announced that starting November 6, it will “land” again in the financial markets of Mexico and the United States , with which it hopes to obtain approximately 178.8 million dollars (USD).
The firm mentioned that the offering in Mexico will be 27,463,590 shares at a price of 35.34 pesos per share, while in the United States it will be 11,727,325 shares at a price of 19 dollars per share.
“The selling shareholders have granted the placement intermediaries of the International Offering an over-allotment option to acquire up to 2,171,050 additional ADSs, which will be valid for a period of 30 days from the date of said offer,” the company said in a statement.
In addition to the Global Offering, Aeromexico announced a private placement of shares for an amount of around 25 million dollars at a price of 1,805 dollars per share.
Delta , the airline’s current shareholder and long-term strategic business partner, did not participate in the Global Offer and signed a four-year lock-up agreement .
“Aeromexico intends to use a portion of the net proceeds from the primary component of the Global Offering and the Simultaneous Private Placement for general corporate purposes, including payments related to fleet expansion, investments in customer experience infrastructure, and fleet maintenance obligations,” the company stated.
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