ATIZAPÁN-ATLACOMULCO TOLL ROAD FUNDING REQUIREMENTS
Mexico City, October 26, 2022. In connection with the toll road asset under construction by Concesionaria AT-AT, S.A. de C.V. (“AT-AT”), a wholly owned subsidiary of Aleatica S.A.B. de C.V. (“Aleatica” or the “Company”) (BMV: ALEATIC), Aleatica informs the market of the following:
Certain factors, including recent and expected near-term high rates of inflation in Mexico, have increased the estimated capital expenditures required to complete construction of the remaining phases of the Atizapán-Atlacomulco toll road (the “Toll Road”). Based on recently revised cost estimates and proposals from third-party contractors, the Company currently expects that approximately MX$8.5bn of future equity funding will be required to complete the project. The funding requirements may be subject to further change prior to completion of the Toll Road.
The Company regularly evaluates the capital requirements of its asset portfolio and reviews funding alternatives in the ordinary course of business. This review considers potential refinancing transactions involving AT-AT and Grupo Autopistas Nacionales, S.A. (“GANA”), as well as interest previously expressed by certain third parties in acquiring minority stakes in Aleatica assets such as AT-AT, GANA, Viaducto Bicentenario, S.A. de C.V., and Autopista Urbana Norte, S.A. de C.V.
At this time, no binding commitments have been entered into for any potential refinancing or minority stake sale transaction and the consummation of any potential transaction is uncertain and will be subject to the execution of relevant documentation as well as to corporate and, as applicable, regulatory approvals.
The market will be duly informed of any relevant transaction in accordance with the applicable regulations.
About Aleatica, S.A.B. de C.V.
Aleatica, S.A.B. de C.V. is positioned as a relevant transport infrastructure operator in the industry within the metropolitan area of Mexico City, both for the number of concessions awarded and the miles of highways under management. Currently, Aleatica, S.A.B. de C.V. builds, manages, operates and maintains 7 toll roads and one airport. The highway and related infrastructure concessions are located in urban areas with high vehicular traffic in Mexico City, the State of Mexico and the State of Puebla. In the airport sector, Aleatica participates in the integral management of the second largest airport serving the Mexico City metropolitan area. For more information visit our web page www.aleatica.com.
