US court approves Aeroméxico financing

US court approves Aeroméxico financing

Debt Loans Corporate & Sovereign Strategy Regulation Coronavirus Mexico US

A bankruptcy judge in New York has approved a $1 billion debtor-in-possession (DIP) loan for Aeroméxico, a step that ensures the Mexican airline can make debt payments "in an orderly fashion," according to a securities filing on Friday. Aeroméxico can access $275 million from the loan from US investment management firm Apollo Global Management now that it has legal approval, followed by additional withdrawals for at least $100 million each, the airline said in the filing. "The future exercise of

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