Airline Grupo Aeromexico SAB received a proposal to emerge from bankruptcy by having lead lender Apollo Global Management Inc. convert some debt into equity. A previous exit package didn’t include the U.S. firm getting a stake.
The carrier, which filed for Chapter 11 in 2020 after the pandemic decreased travel, said that a group of new and existing creditors and investors will repay the rest of the loan held by Apollo, which led the carrier’s debtor-in-possession financing. Amounts were not disclosed.
"Exit" - Google News
November 13, 2021 at 03:03AM
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Aeromexico's New Exit Plan Has Lender Apollo Getting Stake - Bloomberg
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