Mexico City Airport extends early deadline for cash tender offers

Chicago, Nov. 20 – Mexico City Airport Trust (Mexcat) extended the early tender considerations in its four-series offer, according to a press release.

The early tender deadline and withdrawal deadline was originally 5 p.m. ET on Nov. 17.

The full considerations, including the early tender considerations, have been extended to 5 p.m. ET on Dec. 5, the final deadline.

As previously reported, Mexcat is offering to purchase the following:

• Up to $172.5 million of the $700.01 million outstanding 4¼% senior secured notes due 2026 (Cusip: 59284MAA2, P6629MAA0) at $950;

• Up to $164.1 million of the $700 million outstanding 3 7/8% senior secured notes due 2028 (Cusip: 59284MAC8, P6629MAC6) at $907.50;

• Up to $164.1 million of the $700 million outstanding 5½% senior secured notes due 2046 (Cusip: 59284MAB0, P6629MAB8) at $765; and

• Up to $492.5 million of the $2,100,004,000 outstanding 5½% senior secured notes due 2047 (Cusip: 59284MAD6, P6629MAD4) at $765.

The tender considerations listed above are per $1,000 principal amount. They include the (now extended) early tender premiums of $50 per $1,000 of notes.

In addition, the issuer will pay accrued interest to but excluding the applicable settlement date.

The offers are not contingent on the tender of any minimum principal amount of notes for any series. However, the offers are subject to some other conditions, including a financing condition.

Tenders may be subject to proration.

The issuer said it may increase any of the tender caps at its discretion without extending the withdrawal deadline.

Barclays (212 528-7581, 800 438-3242) and Santander US Capital Markets LLC (212 940-1442, 855 404-3636) are dealer managers for the tender offers.

The depositary and information agent is Global Bondholder Services Corp. (212 430-3774 for banks and brokers, 855 654-2015; https://gbsc-usa.com/mexcat/).

Mexcat is a special purpose entity based in Mexico City.

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