Corporación América Airports S.A. Announces Issuance of Local Notes in Argentina
22 February 2022 - 8:31AM
Business Wire
AA2000 successfully raised $174 million in the
local market.
Corporación América Airports S.A. (NYSE: CAAP), (“CAAP”),
the largest private sector airport operator in the world by number
of airports, announced today that Aeropuertos Argentina 2000 (the
“Company” or “AA2000”), a subsidiary of CAAP, successfully issued
$174 million of dollar-linked notes, in the local market, in two
tranches:
- $138 million, with an annual interest rate of 5.5%, 5-year
grace period and quarterly amortization, starting May 2027. The
Company will use these proceeds to fund infrastructure works in the
Group “A” airports, within the National Airports System
- $36 million, with an interest rate of 2%, maturing in February
2025
- The issuance got a local rating of AA- (FIX SCR Argentina)
These issuances complement the various debt transactions
concluded last year, which are part of AA2000’s strategy of
continuing with infrastructure modernization investments in
Argentina, while strengthening its liquidity and debt profile, and
demonstrating AA2000 access to competitive sources of funding.
During 2020 and 2021, the Company's operations were severely
impacted by the COVID19 pandemic and air travel bans established by
the government to contain the spread of the virus. Following the
gradual lifting of travel restrictions on international traffic and
the re-opening of borders to non-resident foreigners starting
November 1, 2021, there was a significant improvement in passenger
traffic as a result of an increase in the number of flights and
destinations, and higher tourism activity, further supported by
strong pent-up demand and the overall improvement of the sanitary
conditions in Argentina and worldwide.
About Corporación América Airports
Corporación América Airports acquires, develops and operates
airport concessions. The Company is the largest private airport
operator in the world based on the number of airports and the tenth
largest based on passenger traffic. Currently, the Company operates
53 airports in 6 countries across Latin America and Europe
(Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2019,
Corporación América Airports served 84.2 million passengers. The
Company is listed on the New York Stock Exchange where it trades
under the ticker “CAAP”. For more information, visit
http://investors.corporacionamericaairports.com
Forward Looking Statements
Statements relating to our future plans, projections, events or
prospects are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts and
can be identified by terms such as “believes,” “continue,” “could,”
“potential,” “remain,” “will,” “would” or similar expressions and
the negatives of those terms. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, performance or achievements to be
materially different from any future results, performance or
achievements expressed or implied by the forward-looking
statements. Many factors could cause our actual activities or
results to differ materially from the activities and results
anticipated in forward-looking statements, including, but not
limited to: the Covid-19 impact, delays or unexpected casualties
related to construction under our investment plan and master plans,
our ability to generate or obtain the requisite capital to fully
develop and operate our airports, general economic, political,
demographic and business conditions in the geographic markets we
serve, decreases in passenger traffic, changes in the fees we may
charge under our concession agreements, inflation, depreciation and
devaluation of the AR$, EUR, BRL, UYU, or the AMD against the U.S.
dollar, the early termination, revocation or failure to renew or
extend any of our concession agreements, the right of the Argentine
Government to buy out the AA2000 Concession Agreement, changes in
our investment commitments or our ability to meet our obligations
thereunder, existing and future governmental regulations, natural
disaster-related losses which may not be fully insurable, terrorism
in the international markets we serve, epidemics, pandemics and
other public health crises and changes in interest rates or foreign
exchange rates. The Company encourages you to review the
‘Cautionary Statement’ and the ‘Risk Factor’ sections of our annual
report on Form 20-F for the year ended December 31, 2019 and any of
CAAP’s other applicable filings with the Securities and Exchange
Commission for additional information concerning factors that could
cause those differences.
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Investor Relations Contact Patricio Iñaki Esnaola
Email: patricio.esnaola@caairports.com Phone: +5411 4899-6716
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