Mexican Airport Operator OMA's Bond Sale Shows Strong Investor Confidence

Rhea-AI Filing Summary

Grupo Aeroportuario del Centro Norte (OMA) has successfully completed a Ps.2.75 billion debt placement in the Mexican market through two tranches of notes. The issuance received strong market acceptance with 4.3x demand from institutional investors.

The debt consists of:

• 3-year Notes (OMA 25): Ps.820 million at TIIE + 45bps, paying interest every 28 days, maturing June 2028
• 7-year Notes (OMA 25-2): Ps.1.93 billion at 9.34% fixed rate, paying interest semi-annually, maturing June 2032

Both issuances received the highest possible Mexican ratings of AAA(mex) from Fitch and AAA.mx from Moody's Local. Proceeds will be used to refinance Ps.600 million in short-term debt, fund investments under the 2021-2025 Master Development Program, and general corporate purposes. OMA operates 13 international airports across nine Mexican states and is part of VINCI Airports since December 2022.

Positive

• Successfully placed Ps.2.75 billion in long-term notes with strong 4.3x demand, indicating robust market confidence
• Received highest possible credit ratings (AAA) from both Fitch and Moody's Local with stable outlook
• Strategic debt restructuring: Converting Ps.600 million short-term debt to longer-term financing, improving debt maturity profile
• Favorable financing terms secured: 45bps spread over TIIE for 3-year notes and 9.34% fixed rate for 7-year notes
• Diverse, high-quality investor base including pension funds, investment funds, and insurance companies

Negative

• Increased total debt burden with new Ps.2.75 billion issuance, potentially impacting leverage ratios
• Higher interest expense exposure with significant portion (Ps.1.93 billion) at fixed 9.34% rate in rising rate environment

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June

 

GRUPO AEROPORTUARIO DEL CENTRO NORTE, S.A.B. DE C.V.

(CENTRAL NORTH AIRPORT GROUP)

(Translation of Registrant’s Name Into English)

 

México

(Jurisdiction of incorporation or organization)

 

Torre Latitud, L501, Piso 5

Av. Lázaro Cárdenas 2225

Col. Valle Oriente, San Pedro Garza García

Nuevo León, México

(Address of principal executive offices)

 

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

    Form 20-F  ☒    Form 40-F ☐

 

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

     Yes ☐      No  ☒  

 

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             .)

 

 

 

 

 

 

OMA announces debt placement of Ps.2.75 billion  

 

 

 

 

Mexico City, Mexico, June 25, 2025.- Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. (BMV: OMA; NASDAQ: OMAB), announces the placement of long-term notes in the Mexican market for an aggregate amount of Ps.2.75 billion (the “Issuances”).

 

The Issuances were widely accepted through the participation of pension funds “Afores”, investment funds, governmental entities and insurance companies. Demand of both tranches was 4.3x.

 

The Issuances are the following:

 

1. Ps. 820 million in 3-year Notes (ticker: OMA 25) at a variable rate of TIIE de Fondeo plus 45 basis points. The Notes will pay interest every 28 days, and principal amount will be paid at maturity on June 23, 2028.

 

2. Ps. 1.930 million in 7-year Notes (ticker: OMA 25-2) at a fixed rate of 9.34%. The Notes will pay interest every 182 days, and principal amount will be paid at maturity on June 18, 2032.

 

The Issuances received the highest rating in Mexico of AAA(mex) by Fitch and AAA.mx by Moody’s Local, both on a national scale, with stable outlook.

 

Book building was held today, and the settlement will be on June 27, 2025. Proceeds from the Issuances will be used to prepay Ps.600 million short-term loans and the remaining to fund committed investments under the 2021-2025 Master Development Program and for general corporate purposes, including working capital.

 

This press release is for information purposes only and does not constitute an offer to sell, nor the solicitation of an offer to purchase the Notes.

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About OMA
Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known as OMA, operates 13 international airports in nine states of central and northern Mexico. OMA’s airports serve Monterrey, Mexico’s third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA also operates the NH Collection Hotel inside Terminal 2 of the Mexico City airport and the Hilton Garden Inn at the Monterrey airport. OMA employs over 1,200 persons in order to offer passengers and clients airport and commercial services in facilities. OMA is listed on the Mexican Stock Exchange (OMA) and on the NASDAQ Global Select Market (OMAB). Since December 2022, OMA is part of VINCI Airports, the world´s leading private airport operator.

 

Webpage: www.oma.aero

X: http://twitter.com/OMAeropuertos

Facebook https://www.facebook.com/OMAeropuertos

 

 

 

 

 

 

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

  Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.

 

 		 
 	By:	/s/  Ruffo Pérez Pliego	 
 		Ruffo Pérez Pliego
 		Chief Financial Officer

 

Dated June 27, 2025

 

  

 

FAQ

How much debt did OMAB issue in its June 2025 bond placement?

OMAB placed long-term notes in the Mexican market for a total amount of Ps.2.75 billion, consisting of two tranches: Ps.820 million in 3-year Notes (OMA 25) and Ps.1.930 billion in 7-year Notes (OMA 25-2).

What are the interest rates and terms for OMAB's 2025 debt issuance?

OMAB issued two tranches: 1) A 3-year Note (OMA 25) for Ps.820 million at TIIE de Fondeo plus 45 basis points with interest paid every 28 days, maturing June 23, 2028, and 2) A 7-year Note (OMA 25-2) for Ps.1.930 billion at a fixed rate of 9.34% with interest paid every 182 days, maturing June 18, 2032.

What credit rating did OMAB receive for its June 2025 bond issuance?

OMAB's bond issuance received the highest possible rating in Mexico: AAA(mex) from Fitch and AAA.mx from Moody's Local, both with stable outlook on a national scale.

How will OMAB use the proceeds from its 2025 debt placement?

OMAB will use the proceeds to prepay Ps.600 million in short-term loans, fund committed investments under the 2021-2025 Master Development Program, and for general corporate purposes including working capital.

What was the demand level for OMAB's June 2025 bond issuance?

The bond issuance was widely accepted with demand of 4.3x for both tranches, with participation from pension funds (Afores), investment funds, governmental entities, and insurance companies.