Airports Dominicans of the 21st Century (Aerodom) -subsidiary of VINCI Airports– reported this Sunday that it closed a financing for US$940 million, comprising a global issue of bonds for US$500 million and a credit agreement for US$440 million.
In a press release, the entity reported that the funds from the financing will be used to fulfill the obligations set forth in the Contract Concession Renewed and Reformed that was enacted in December 2023, by which the term of the administration and operation of the six was extended airports state-owned until 2060.
Among the commitments of that contract, Aerodom agreed to make an initial concession payment of US$775 million to the Dominican Statepledged to fund improvements to its airports and build a new terminal for the Las Americas International Airport, José Francisco Peña Gómez in Santo Domingo.
He said that the hiring of facilities credit The issue was led by Banco Popular Dominicano, S.A. – Banco Múltiple, Banco Latinoamericano de Comercio Exterior, S.A., New York Agency, Citigroup Global Markets Inc., JPMorgan Chase Bank, N.A., Popular Bank LTD. INC. and The Bank of Nova Scotia. JPMorgan, Citigroup and Scotiabank were the coordinators of the placement.
“We are very satisfied to have made the second payment of the Canyon of concession to the Dominican State to complete the commitment of 775 million dollars, and at the same time, be in the process of executing the agreed improvements for the Las Américas International Airport, José Francisco Peña Gómez, including the upcoming construction of the new terminal of said airport,” said Mónika Infante Henríquez, general director of Aerodom.
The bonds issued had a portfolio of orders, generating one of the largest About subscriptions for a Latin American corporate issuer to date, reaching a maximum of ~US$3,000MM (6.0x) and receiving offers for more than ~US$1,300MM since before the official announcement was published. They have been, equally, the bonds corporate high-yield bonds placed at a lower rate, since January 2021.
Aerodom highlights that the nearly billion-dollar deal is among the financing corporate largest in the history of the Dominican Republic.
