Cox Asset Mexico has issued US$750 million in Ba2-rated subordinated perpetual notes to redeem US$733 million in senior debt due in 2031, extending its debt maturity profile ahead of major obligations in 2032. The liability management strategy provides financial flexibility to support the company’s US$4 billion to US$5 billion energy investment pipeline in key industrial corridors like Nuevo Leon. Operating within Mexico’s Plan México regulatory framework, the qualified electricity supplier leverages a 2,600MW installed portfolio to serve expanding nearshoring, manufacturing, and data center demand.
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Moody’s Ratings has assigned a Ba2 rating to Cox Asset Mexico’s proposed US$750 million subordinated perpetual notes issuance while affirming the company’s Ba1 Corporate Family Rating (CFR) and senior secured rating with a stable outlook.
According to Moody’s, the proposed…
