Grupo Aeroméxico, the parent holding of Aeroméxico (AM, México City International), has priced USD500 million of senior secured notes due 2029 with a coupon of 8.25% and USD610 million of senior secured notes due 2031 with a coupon of 8.625%.

The company says the proceeds will be used to redeem senior secured notes due in 2027, which have an aggregate principal amount of USD662.5 million outstanding. The remainder of the monies raised will be used for general corporate purposes.

The notes will be guaranteed by Grupo Aeroméxico subsidiaries Aeromexico, Aerolitoral S.A. de C.V. dba Aeroméxico Connect (5D, Monterrey Mariano Escobedo), Aerovías Empresa de Cargo S.A. de C.V., dba Aeroméxico Cargo, and PLM Premier S.A.P.I. de C.V.

In August, Aeroméxico secured a USD200 million three-year syndicated loan from BBVA México, marking the carrier's return to the Mexican banking market. The group underwent a Chapter 11 reorganisation in 2020. However, it exited the process in early 2022. Later that year, the company delisted its shares from the Mexican Stock Exchange.

According to the ch-aviation PRO airlines module, Aeroméxico flies to 98 airports in 23 countries with a fleet of 156 aircraft, including five B737-700s, thirty-six B737-8s, thirty-four B737-800s, twenty-one B737-9s, eight B787-8s, and fourteen B787-9s, along with thirty-eight E190s operated by subsidiary Aeromexico Connect.