Grupo Aeroportuario del Pacífico Secures $40 Million Credit Facility
Grupo Aeroportuario del Pacífico Secures $40 Million Credit Facility
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) has successfully completed the refinancing of a significant credit facility amounting to USD$40 million with Banco Nacional de México, S.A., commonly known as Citibanamex. This refinancing means that the maturity of the credit facility, which was set to expire recently, has been extended by an additional six months. This strategy provides greater financial flexibility and keeps the company well-positioned for ongoing operational needs.
Details of the Refinancing Agreement
This new agreement with Citibanamex allows Grupo Aeroportuario del Pacífico to pay interest on a monthly basis. The interest rate is structured as a variable rate that includes SOFR (secured overnight financing rate) plus an additional 25 basis points. Notably, there are no extra fees involved in this transaction, which makes it advantageous for the company’s financial structure. The principal payment is scheduled for September 18, 2025, allowing ample time for strategic financial planning.
About Grupo Aeroportuario del Pacífico
Grupo Aeroportuario del Pacífico operates a network of 12 airports across Mexico’s Pacific region. This includes major urban centers such as Guadalajara and Tijuana alongside tourist hotspots like Puerto Vallarta and Los Cabos. Additionally, the network covers mid-sized cities, offering essential connectivity and service to a diverse range of passengers.
In February 2006, Grupo Aeroportuario del Pacífico made a remarkable transition to the stock market with its shares listed on the New York Stock Exchange under the ticker symbol PAC and on the Mexican Stock Exchange under the ticker symbol GAP. The company has since made strategic acquisitions, including a complete takeover of Desarrollo de Concessioner Aeroportuarias, S.L. in 2015, which runs the Sangster International Airport in Jamaica and plays a significant role in regional air travel.
Commitment to Transparency and Ethics
In alignment with legal frameworks and a commitment to ethical operations, Grupo Aeroportuario del Pacífico has implemented comprehensive compliance measures. As part of this, they’ve established a whistleblower program that permits individuals to report any suspicious activities confidentially and anonymously. This initiative reflects the company's dedication to maintaining integrity and transparency in its operations.
Contact Information for Investor Relations
For further inquiries, stakeholders and interested parties can reach out to:
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 purpose of the $40 million credit facility?
The credit facility will provide Grupo Aeroportuario del Pacífico with additional financial flexibility for operational needs.
What are the terms of the refinancing?
The refinancing includes a variable interest rate and extends the maturity by six months, with principal payment due in September 2025.
Where does Grupo Aeroportuario del Pacífico operate?
GAP operates 12 airports mainly in Mexico’s Pacific region, serving major cities and tourist destinations.
What initiatives does GAP have for ethics and transparency?
GAP has established a whistleblower program to report unethical actions or violations confidentially.
Who can I contact for more investor-related inquiries?
Investors can contact Alejandra Soto or Gisela Murillo through the provided email addresses for any inquiries.
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