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Cox Mexico unit Cox Asset México prices USD 800 million hybrid capital deal

PUBT·09/11/2026 14:19:00
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Cox Mexico unit Cox Asset México prices USD 800 million hybrid capital deal
  • Cox Energy SAB de CV subsidiary Cox Asset México priced a USD 800 million hybrid capital issue in a 144A/RegS format.
  • Perpetual, subordinated instrument set an 8.75% initial coupon; first issuer call scheduled for Sept. 17, 2031.
  • Proceeds earmarked to repay USD 733 million term loan used to refinance the Iberdrola México acquisition.
  • Transaction replaces senior debt with equity-classified capital under IFRS; net leverage targeted below 3.0x from 4.3x EBITDA.
  • Order book exceeded USD 2.5 billion, implying more than 3x oversubscription; about 125 institutional investors participated.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cox Energy SAB de CV published the original content used to generate this news brief on September 11, 2026, and is solely responsible for the information contained therein.