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Delta announces its intentions to exercise a call option to be part of the Tranche 2 Commitments under existing DIP Financing

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Jul 01, 2021
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PR Newswire

MEXICO CITY, July 1, 2021 /PRNewswire/ -- Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX). The Company informs that on June 30, 2021 Delta Air Lines, Inc. ("Delta") provided notice to the Company's Chairman of the Board of Directors informing that Delta intends to exercise its call option and purchase US$185 million of Apollo's Tranche 2 Commitments under the existing, and fully disbursed, super-priority debtor-in-possession secured loan agreement approved by the United States Bankruptcy Court for the Southern District of New York presiding over Aeromexico's Chapter 11 voluntary financial restructuring process, known as "DIP Financing". Delta has indicated in its notice that such action is in furtherance of its strategic relationship with Aeroméxico and its support of the Company's restructuring efforts.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect,", "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Grupo Aeromexico Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, Mexico's global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group's current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeromexico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 19 partner airlines. Aeromexico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.

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SOURCE Grupo Aeroméxico, S.A.B. de C.V.

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