Overview
- The global offering comprises 27,463,000 shares in Mexico at 35.34 pesos each and 11,727,000 American Depositary Shares in the U.S. at $19 per ADS, with each ADS representing 10 ordinary shares.
- Trading is set to begin November 6 on the BMV under the symbol AERO and on the NYSE, with settlement expected November 7 subject to customary closing conditions.
- Aeroméxico expects to raise about $178 million before fees from the public tranches and will add roughly $25 million via a concurrent private placement to PAR Investment Partners.
- Selling shareholders granted a 30-day international over-allotment option for up to 2,171,000 additional shares, and no over-allotment option applies to the Mexico tranche.
- The transaction includes primary shares that inject new capital and secondary shares from existing holders, while Delta did not participate and agreed to a four-year lock-up.