Brief: Cox's Mexico Unit Issues Bonds For USD 2.0 Bln To Finance Acquisition of Iberdrola Mexico
06/05/2026 07:52
May 6 (Reuters) - Cox Abg Group SA COXGA.MC: USD 2 BLN BOND ISSUANCE FIRST TRANCHE OF USD 1.0 BILLION, WITH 5-YEAR MATURITY AND COUPON OF 7.125% SECOND TRANCHE IN THE AMOUNT OF U.S.$1.0 BILLION, WITH A 10-YEAR MATURITY AND A COUPON OF 7.75% ISSUANCE WAS APPROXIMATELY 5 TIMES OVERSUBSCRIBED RELATIVE TO THE INITIAL OFFERING SIZE PROCEEDS WILL BE USED TO REFINANCE THE USD 2.65 BILLION BRIDGE LOAN ISSUE BY COX ASSET MEXICO, S.A. DE C.V., MEXICAN SUBSIDIARY OF COX ABG GROUP BRIDGE LOAN IN CONNECTION WITH ACQUISITION OF ENTIRE SHARE CAPITAL OF IBERDROLA MÉXICO, S.A. DE C.V REMAINING AMOUNT REQUIRED TO COMPLETE REFINANCING OF THE BRIDGE LOAN WILL BE COVERED THROUGH A TERM LOAN Source text: ID:nCNM3wpF2z nL5N3VW1P3 Further company coverage: COXGA.MC (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))