Bonds
Aeromexico Sells $1.1 Billion of Bonds to Refinance Debt
- Proceeds will be used to refinance $663 million of 2027 notes
- S&P Global Ratings upgraded Mexican airline to B+ last week
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Grupo Aeromexico SAB sold $1.1 billion of bonds via international markets Monday that the air carrier will use to refinance debt due in the coming years.
Aeromexico issued $500 million of five-year notes and $610 million of seven-year securities, according to data compiled by Bloomberg. Proceeds will be used in part to pay down $663 million in senior secured notes due in 2027, the company said in a statement.