ASUR in $1.8 Billion International Debt Offering

Cleary Gottlieb represented longtime client Grupo Aeroportuario del Sureste S.A.B. de C.V. (ASUR) and its wholly owned subsidiary Aeropuerto de Cancún S.A. de C.V. in the inaugural Rule 144A/Reg S offering by Aeropuerto de Cancún of $1.8 billion aggregate principal amount of senior unsecured notes, consisting of $900 million of 6.711% senior notes due 2031 and $900 million of 7.491% senior notes due 2036.

The notes are guaranteed by ASUR.

The offering priced on October 1, 2026, and closed on October 8, 2026. The notes are expected to be listed on the Singapore Exchange Securities Trading Limited.

The proceeds of the notes will be used to refinance two senior unsecured bridge facilities entered into in connection with ASUR’s recent strategic acquisitions of CPC Aeroportos and ASUR Airports LLC, with any remaining proceeds to be used for general corporate purposes.

The offering follows ASUR’s acquisition of CPC Aeroportos from Motiva Infraestrutura de Mobilidade S.A., completed on September 1, 2026, for approximately $992 million. The CPC acquisition added interests in 20 airport concessions in Latin America, including 17 in Brazil and one each in Costa Rica, Ecuador, and Curaçao, expanding ASUR’s international airport platform into four additional markets in Latin America and the Caribbean, including Brazil, the region’s largest aviation market by passenger traffic. The offering also follows ASUR’s acquisition of ASUR Airports LLC (formerly URW Airports LLC), completed on December 11, 2025, for approximately $308 million, which expanded ASUR’s presence in the United States through retail, food, and beverage, and other commercial concession operations at major international airports, including Los Angeles International Airport, Chicago O’Hare International Airport, and John F. Kennedy International Airport.

J.P. Morgan Securities LLC, BBVA Securities Inc., Citigroup Global Markets Inc., and HSBC Securities (USA) Inc. acted as global coordinators and joint bookrunners. BNP Paribas Securities Corp. and Santander US Capital Markets LLC acted as joint bookrunners.

ASUR is a leading international airport operator with a diversified portfolio of airport concessions and related commercial operations across the Americas. Its operations include nine airports in southeastern Mexico, including Cancún International Airport; six airports in Colombia; Luis Muñoz Marín International Airport in Puerto Rico; and airport commercial concession programs in the United States. Following the acquisition of CPC Aeroportos, ASUR’s airport portfolio also includes interests in airports in Brazil, Costa Rica, Ecuador, and Curaçao. ASUR’s shares are listed on the Mexican Stock Exchange, and its American depositary shares are listed on the New York Stock Exchange.

The Cleary corporate team included partners Jorge Juantorena and Manuel Silva, and associates Jose Eduardo Coronado Castro and Susana Gutierrez. Partner Matthew Brigham and associate Yoolim Lee advised on U.S. tax matters. Partner Samuel Chang and associate Alexi Stocker advised on U.S. sanctions-related matters.