#Senior Notes #Mexico #Mexico City #Grupo Aeroportuario #Cancun Airport

ASUR Successfully Issues Senior Notes

Grupo Aeroportuario del Sureste, S.A.B. de C.V., commonly known as ASUR, is making headlines with the recent successful issuance of senior notes from its subsidiary, Aeropuerto de Cancún, S.A. de C.V. This strategic financial move involves two significant offerings: one amounting to $900 million with an interest rate of 6.711%, maturing in 2031, and another $900 million at an interest rate of 7.491%, maturing in 2036.

Financial Overview

The new senior notes have received solid ratings, scoring a BBB from S&P Global Ratings and a BBB+ from Fitch Ratings. These ratings reflect a reliable outlook, indicating ASUR’s robust position within the competitive landscape of airport management across the Americas, which includes operations in Mexico, Brazil, the U.S., Colombia, and the Caribbean.

The proceeds from this issuance are earmarked for key financial obligations, notably refinancing existing debt. Specifically, ASUR plans to use the net proceeds to address an outstanding bridge credit facility of Ps.6.39 billion linked to the acquisition of ASUR US Commercial Airports, LLC. They will also finance another senior unsecured bridge credit facility connecting to the acquisition of Companhia de Participações em Concessões worth $1.299 billion.

Strategic Growth and Development

This initiative to bolster its financial base is aligned with ASUR’s long-term growth strategy. With plans to enhance airport services and expand its operational footprint, the company aims to provide an elevated experience to travelers, particularly at Cancun International Airport, which is Mexico's largest tourist gateway.

Operating a total of 36 airport concessions in the Americas, ASUR plays a crucial role in managing critical aviation hubs. Their expansion strategy has recently included the acquisition of stake in 17 Brazilian airports, further positioning them as a major player in Latin America's aviation sector. This strategic growth is essential for ASUR’s vision of enhancing connectivity and optimizing passenger experiences in a post-pandemic environment.

Regulatory Compliance

Importantly, the issuance of the senior notes aligns with regulatory stipulations, ensuring that they are not registered under the U.S. Securities Act or offered publicly in Mexico without proper authorization. This adherence underscores ASUR's commitment to transparent and lawful corporate practices.

Investors keen on these senior notes can explore the offerings that are set to be listed on the Singapore Exchange Securities Trading Limited. However, it's worth noting that this announcement does not represent an offer to sell or solicit offers to buy securities in any jurisdiction, including Mexico and the United States.

Conclusion

ASUR’s successful placement of these senior notes is not just a financial maneuver; it indicates a deeper strategy for sustainable growth and operational improvement in the evolving landscape of air travel. With solid financial backing, ASUR is poised to continue its leadership role in the airport management sector, ensuring that it meets the growing demands of air travelers in a dynamic global market.

For further insights and updates on ASUR, visit ASUR official website.