Grupo Aeroportuario del Pacífico Secures Funding through Bond Issue

Grupo Aeroportuario del Pacífico Issues Bonds for Growth

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., also known as GAP, has recently announced an exciting development in their financial strategy. The company successfully issued a total of 56,481,343 long-term bond certificates in Mexico, valued at Ps. 5,648,134,300. These bonds represent a pivotal move, offering investors the opportunity to engage with a prominent player in the airport operations sector, which operates across key locations in Mexico.

Significance of the Bond Issuance

These long-term bonds are being issued under the ticker symbol "GAP 24" and will provide investors with an attractive way to earn interest. The bonds will pay interest every 28 days at a variable rate tied to TIIE-28, plus an additional 60 basis points. The principal amount is set to be paid upon maturity on August 30, 2029, making it a structured and reliable investment option for stakeholders.

Strong Credit Ratings Support the Issuance

The issuance has been well-received, achieving an over-subscription of 1.2x compared to the original amount anticipated, indicating strong market confidence. Credit ratings of "Aaa.mx" from Moody's and "MxAAA" from S&P provide further assurance of the security and reliability embodied in these bonds.

Use of Proceeds: A Focus on Growth and Stability

Funds raised from this issuance are primarily earmarked for repaying earlier bond certificates under the ticker "GAP 15", which mature on February 7, 2025. In addition to refinancing, a significant portion of the proceeds will be applied toward the committed capital investments outlined in the company’s Master Development Program, ensuring that GAP continues to enhance its operational capabilities and supports ongoing commercial investments across its airport network.

About Grupo Aeroportuario del Pacífico

Grupo Aeroportuario del Pacífico operates 12 airports across Mexico's Pacific region, including bustling cities such as Guadalajara and Tijuana, as well as popular tourist destinations like Puerto Vallarta and Los Cabos. Since listing on the New York Stock Exchange and the Mexican Stock Exchange in 2006, the company has grown to encompass a major stake in international airport operations, recently expanding its portfolio to include facilities in Jamaica.

Ensuring Transparency and Accountability

In alignment with corporate governance standards and regulatory compliance, GAP has implemented a whistleblower program. This initiative allows individuals to report suspected violations anonymously, ensuring that issues can be addressed swiftly and efficiently. This commitment to ethical conduct reaffirms GAP's dedication to transparency.

Get in Touch

For more information or inquiries, the following key contacts are available:
Alejandra Soto, Investor Relations and Social Responsibility Officer - asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations - gmurillo@aeropuertosgap.com.mx / +52 33 3880 1100 ext. 20294

Frequently Asked Questions

What is the total value of the bonds issued by GAP?

The total value of the bonds issued by Grupo Aeroportuario del Pacífico is Ps. 5,648,134,300.

What is the maturity date of the new bonds?

The new bonds will mature on August 30, 2029.

What is the significance of the bond under the ticker "GAP 24"?

The ticker "GAP 24" indicates the specific bond issuance which pays interest at a variable rate.

How will the proceeds from the bond issuance be used?

The proceeds will fund the repayment of earlier bonds and support capital investments under the Master Development Program.

What are the credit ratings for this bond issuance?

The bonds have received "Aaa.mx" from Moody's and "MxAAA" from S&P, indicating high credit quality.

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