Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, informs that today we successfully completed the issuance of 15,000,000 (fifteen million) asset backed trust notes (certificados bursátiles fiduciarios) (the "Trust Notes"), to be issued under the ticker VOLARCB 19 for an amount of Ps$1,500,000,000.00 (one billion five hundred million Mexican Pesos) by CIBanco, S.A., Institución de Banca Múltiple, acting as Trustee under the Irrevocable Trust number CIB/3249 created by Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V. ("Concesionaria Vuela"), in the first issuance under a program approved by the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) for an amount of up to Ps$3,000,000,000.00 (three billion Mexican Pesos). The Trust Notes will be backed by future receivables under the agreements entered into with the credit card processors with respect to funds coming from the sale of airplane tickets and ancillaries denominated in Mexican Pesos, through credit cards VISA and Mastercard in its website, mobile app and travel agencies. The Trust Notes were successfully listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores, S.A.B. de C.V).
The Trust Notes are rated "HR AA+ (E)" y "AA+ / M (e)" by the rating agencies HR Ratings de México, S.A. de C.V. and Verum Calificadora de Valores, S.A.P.I. de C.V., respectively and will have a maturity of five years and will pay an interest rate of TIIE + one hundred and seventy five (175) percentage points. Concesionaria Vuela will use one hundred percent (100%) of the net proceeds for general corporate purposes. The placement broker was Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer.
This communication does not constitute an offer to buy or sell, and there will not be or results in the possibility of the sale of the Trust Notes in any jurisdiction in which the offer, request o sale be deemed illegal before being registered under the laws that regulate the financial instruments in such jurisdiction.
The information included in this report has not been audited and it does not provide information on the company's future performance. Volaris' future performance depends on many factors and it cannot be inferred that any period's performance or its comparison year over year will be an indicator of a similar performance in the future.