Aerovias de Mexico (Aeromexico) received a joint financing proposal to get out of bankruptcy, after announcing its restructuring plan a month ago. The offer came from the lenders in the second tranche of its debtor-in-possession (DIP) financing, along with certain existing creditors and new money investors. The offer could be up to $1.8bn, according to El Financiero, however details have not been disclosed yet. Delta Air Lines, who previously acquired $185mn of the debtor in possession (DIP) financing, supports the deal. Aeromexico said “The offer provides an implementable solution, through a solid group of long-term Mexican investors, to comply with foreign ownership requirements.”
Aerovias’ USD bonds were stable with its 7% 2025s trading at 92.618, yielding 9.16%.
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