Grupo Aeroportuario del Pacifico's New Bond Issuance for Growth
Grupo Aeroportuario del Pacífico Issues Bond Certificates
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC), has successfully completed the issuance of long-term bond certificates for a total amount of Ps. 8.5 billion.
Details of the Bond Issuance
The bond issuance was split into two tranches, with an impressive oversubscription rate of 1.98 times the announced amount. This indicates strong market confidence and demand for the securities.
Tranche One: GAP 25-2 Debt Certificates
The first tranche consists of 40.5 million debt certificates, identified by the ticker symbol "GAP 25-2". These certificates will mature in three years, each valued at Ps. 100. The total raised from this tranche amounts to Ps. 4.05 billion. The interest on these certificates will be paid every 28 days at a variable rate of TIIE funding plus 48 basis points, with principal payment due at maturity on August 18, 2028.
Tranche Two: GAP 25-3 Debt Certificates
The second tranche includes 44.5 million debt certificates noted with the ticker symbol "GAP 25-3", maturing in six years. Each will also have a nominal value of Ps. 100, bringing the total for this tranche to Ps. 4.45 billion. This tranche offers a fixed interest rate of 9.02%, with payments made semi-annually and principal repayment at maturity on August 15, 2031.
Credit Ratings and Use of Proceeds
The recent bond issuances achieved the highest credit ratings in Mexico, being rated "Aaa.mx" by Moody's and "mxAAA" by S&P, both signifying a stable outlook. The proceeds from this issuance will be allocated towards financing capital investments and will also serve to repay an existing loan of Ps. 1.5 billion due to Banco Santander, S.A.
About Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico operates a network of 12 airports across Mexico's scenic Pacific region. This includes key urban centers like Guadalajara and Tijuana, alongside popular tourist destinations such as Puerto Vallarta and Los Cabos. The company has endeavored to strengthen its presence internationally, acquiring stakes in airports outside Mexico, including operations in Jamaica.
Commitment to Transparency
The company has also established a whistleblower program to ensure transparency and accountability within its operations. This initiative allows for anonymous reporting of any suspected illegal activities or violations and helps maintain the integrity of its business practices.
Contact Information
For further queries, stakeholders can connect with:
Alejandra Soto, Investor Relations and Social Responsibility Officer
Email: asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations
Email: gmurillo@aeropuertosgap.com.mx
Phone: +52 33 3880 1100 ext. 20294
Frequently Asked Questions
What is the total amount raised from the bond issuance?
The bond issuance by Grupo Aeroportuario del Pacífico totaled Ps. 8.5 billion.
What are the maturity dates for the two bond tranches?
The first tranche matures in three years while the second tranche matures in six years.
What will the proceeds of the bond issuance be used for?
The proceeds will finance capital investments and repay a loan of Ps. 1.5 billion.
What is the credit rating of the bond certificates?
Both tranches received a "Aaa.mx" rating from Moody's and "mxAAA" from S&P.
How can I contact Grupo Aeroportuario del Pacífico for more information?
You can reach out to their Investor Relations team via the provided email addresses.
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