Mexico City, June 13, 2022 – COX ENERGY AMÉRICA, S.A.B. DE C.V. (“Cox Energy”, “Cox Energy América” or “the Company”) (BIVA/BMV: COXA*), the first photovoltaic solar energy company to be listed on a Latin American stock exchange, announces to its shareholders and the general public that its main shareholder, Cox Energy Solar S.A. (Cox Energy Solar), has signed a credit facility for EUR 30,000,000.00 (30 million euros) with Barclays Bank Ireland PLC (Barclays), which it will use to finance its subsidiary Cox Energy América. The financing is structured with Cox Energy América as the guarantor.

Likewise, Cox Energy Solar and Cox Energy América entered into an intercompany transaction in which Cox Energy Solar will provide a loan for the corresponding amount to Cox Energy América, which will be used to continue with its 2022 expansion and growth plans. This transaction was previously authorized by the Corporate Practices Committee, the Audit Committee, and in the Annual Shareholders’ Meeting.

José Antonio Hurtado de Mendoza, Chief Executive Officer of Cox Energy, commented: “This transaction reflects the confidence in our expansion and growth plan, and will make it possible to continue with the execution of our proposed strategies. With this funding, the Company will continue to strengthen its liquidity levels to meet challenges and maximize investment opportunities and returns.”

He added:In line with our ESG commitment, and to benefit our stakeholders, we will enhance our economic and productive capacities with ecofriendly and innovative solutions, to achieve our commitments set out in the 2021-2025 Strategic Plan.”


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Enrique González

Investor Relations

About the Company
Cox Energy América is a photovoltaic renewable solar energy generation company, listed on the Mexican Institutional Stock Exchange (BIVA). Cox Energy develops, promotes, and operates photovoltaic plants in several Latin American countries, with a presence in Mexico, Chile, Colombia, Guatemala and Central América. It has a unique portfolio of projects in different stages of development and has identified opportunities to carry out its activity within a sustainable development framework.
Forward Looking Statements
This document contains certain statements related to general information about Cox which are based on the understanding of its administrators, as well as on assumptions and information currently available to the Company. The statements contained herein reflect Cox’s current views regarding future events and are subject to certain risks, uncertain events, and assumptions. Many factors could cause Cox’s future results, performance, or achievements to differ from those expressed or assumed in the following statements including, but not limited to, economic or political changes and global business conditions, changes in exchange rates, the overall state of the industry, changes in the demand for photovoltaic energy, and raw material prices. Cox does not intend nor assume any obligation to update the statements presented in this document. 

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