MEXICO CITY, June 20, 2019 /PRNewswire/ -- 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.
About Volaris:
*("Volaris" or the "Company") (NYSE: VLRS and BMV: VOLAR), is an
ultra-low-cost carrier (ULCC), with point-to-point operations,
serving Mexico, the United States and Central America. Volaris offers low base fares
to build its market, providing quality service and extensive
customer choice. Since beginning operations in March 2006, Volaris has increased its routes from
five to more than 196 and its fleet from four to 78 aircraft.
Volaris offers more than 382 daily flight segments on routes that
connect 40 cities in Mexico and 25
cities in the United States and
Central America with one of the
youngest fleet in Americas. Volaris targets passengers who are
visiting friends and relatives, cost-conscious business people and
leisure travelers in Mexico and to
select destinations in the United
States and Central America.
Volaris has received the ESR Award for Social Corporate
Responsibility for ten consecutive years. For more information,
please visit: www.volaris.com
Investor Relations contact: María Elena Rodríguez &
Andrea González/ Investor Relations / ir@volaris.com / +52 55 5261
6444
Media contact: Gabriela Fernández / volaris@gcya.mx /
+52 55 5246 0100
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SOURCE Volaris