September 30, 2026
- The USD 185 million refinancing of Opain’s debt will free up USD 55 million in capital and bring forward distributions to its shareholders, improving the return on invested capital.
- Meanwhile, the proceeds from the COP 510 billion financing for Pacífico 2 will be used for general and operational purposes, as well as to distribute dividends to its shareholders and meet the concession’s financial obligations.
- Together, the two transactions will bring forward COP 195 billion in cash flows for Odinsa.
- These transactions are part of the ACE 1.0 program, specifically Pillars 2 and 3, and contribute to strengthening Odinsa’s role as an asset manager, while enhancing Grupo Argos’ cash generation and financial flexibility to allocate capital and accelerate its share repurchase program.
Grupo Argos continues to advance the implementation of ACE 1.0 through financial transactions at Opain and Pacífico 2, concessions managed by Odinsa.
Opain, the concessionaire responsible for the administration, operation, and maintenance of Bogotá’s El Dorado International Airport, completed a USD 185 million refinancing transaction, reducing its cost of debt, bringing forward dividend distributions to its shareholders, and improving its return on invested capital.
Meanwhile, Pacífico 2 completed a COP 510 billion financing process, with the proceeds to be used for general and operational purposes, as well as to distribute dividends to its shareholders and meet the concession’s financial obligations.
For Grupo Argos, these transactions represent a new milestone in the implementation of the ACE 1.0 program, which involves managing the portfolio to bring forward cash generation and distributions, release capital from mature assets, and strengthen the company’s ability to allocate capital toward opportunities that offer attractive returns to its shareholders.
These transactions build on the actions implemented since the announcement of ACE 1.0 and strengthen the financial flexibility needed to continue executing this roadmap. They also demonstrate the financial and asset management capabilities that Odinsa continues to develop as it evolves into Grupo Argos Asset Management, Grupo Argos’ sole asset manager.
“These transactions demonstrate how Odinsa’s capabilities and experience contribute to improving asset profitability, bringing forward distributions, and releasing resources that strengthen our ability to allocate capital toward opportunities that offer attractive returns to Grupo Argos shareholders. We will continue to execute this roadmap with discipline, ensuring that every decision contributes to generating higher returns and accelerating the creation, capture, and transfer of value to our shareholders.”
Felipe Aristizábal, CFO of Grupo Argos
