Total debt as of June 30, 2021 was Ps.5,293 million, 57.4% and 38.6% above than the reported in the same period of 2020 and 2019, respectively. This result is primarily related to the subscription of the USD$150 million, 5-year bullet loan with CarVal Investors (conducted in April 2021), which proceeds will be used in the execution of our long-term strategy. Ps.1,489 million (28.1%) of our total debt matures in the short-term (corresponding to the outstanding balance of long-term debt securities issued in February 2019 on the Mexican Stock Exchange and PDP financing).

Debt structure

Jun-21 Dec-20 Jun-20
Bank debt 1,323 972 1,687
Private Notes Issuance 3,970 1,080 1,676
Short-term debt 1,489 652 2,262
Long-term debt 3,804 1,401 1,101
Total debt 5,293 2,052 3,363
Net debt1 (2,606) (915) 963
1Financial debt – cash (including restricted cash).

As of June 30, 2021, the Company’s Adjusted net leverage / EBITDAR LTM stood at 5.26 times.

Jun-21 Dec-20 Jun-20
Adjusted net debt / EBITDAR LTM 5.26x 19.98x 7.43x