Aeromexico receives the Third and Final Disbursement under the DIP Financing
Grupo Aeroméxico, S.A.B. de C.V. ("Aeromexico" or the "Company") (BMV: AEROMEX).
As a follow up to our relevant event of February 19, 2021, pursuant to which the Company announced, among other matters, that the conditions to drawing the remaining undrawn commitments of the Tranche 2, under the senior secured superpriority multi-tranche debtor in possession term loan facility (DIP Facility), had been met and that Aeromexico had formally requested such final disbursement, the Company announces that it has received such final disbursement in the amount of US$625 million.
Aeromexico will continue pursuing, in an orderly manner, its voluntary financial restructuring through Chapter 11, while continuing to operate and offer services to its customers and contracting from its suppliers the goods and services required for operations. The Company will continue to strengthen its financial position and liquidity, protect and preserve its operations and assets, and implement the necessary adjustments to face the impact from COVID-19.