30 September, 2023

Volaris successfully completes Ps. $1.5 billion Asset-Backed Trust Notes Offering

Volaris, the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, has successfully concluded the issuance of 15 million asset-backed trust notes an Mexico under the ticker VOLARCB 23, totalling Ps. $1.5 billion.

This is the third offering under the program authorized by the Mexican National Banking and Securities Commission for an amount of up to Ps. $5.0 billion.

These Trust Notes are backed by future collection rights under agreements entered with credit card processors for the sale of airline tickets and other related services through VISA and Mastercard credit cards, through our internet portal, travel agencies, call centres and sales offices.

The Trust Notes were rated "HR AA+ (E)" and "AA+/M(e)" by the rating agencies HR Ratings de Mรฉxico, S.A. de C.V. and Verum Calificadora de Valores, S.A.P.I. de C.V., respectively, and have a five-year maturity term and carry an interest rate of 28-day TIIE (interbank rate) + 215 basis points.

This communication does not constitute an offer to sell or an offer to purchase, nor shall there be or give rise to the possibility of any sale of the Trust Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration under the laws governing financial instruments in such jurisdiction.