Grupo Aeroportuario del Pacifico notifies debt refinancing

0

GUADALAJARA, Mexico, March 18, 2022 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, SAB de CV (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced the successful refinancing of its bank debt for $191.0 million, maturing in January and February 2024.

With this refinancing, the Company has extended the current debt for two additional years, with its new maturity in January and March 2026, which provides more certainty in the use of its financial resources for the following years. The refinancing was obtained from the same two banking institutions that initially granted these loans. The financing terms were as follows:

  • On March 18, the Company signed a credit refinancing with BBVA México, Sociedad Anónima, Institución De Banca Múltiple, Grupo Financiero, maturing in February 2024, for US$95.5 million. The new loan has a duration of 48 months from the date of its disbursement, which will take place on March 31, 2022; interest will be payable monthly at a fixed annual rate of 2.45%, structuring fees of 20 basis points and payment of principal will be payable at maturity.
  • On March 14, the Company signed a US$95.5 million loan refinancing with Scotiabank Inverlat, SA, maturing in January 2024. The new loan has a term of 46 months from the date of its disbursement, which will take place on March 22, 2024. 2022; interest will be payable monthly at a fixed annual rate of 2.64%, structuring fees of 5 basis points and payment of principal will be payable at maturity.

Company Description:

Grupo Aeroportuario del Pacífico, SAB de CV (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other medium-sized airports. cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the symbol “PAC” and on the Mexico Stock Exchange under the symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concesiones Aeroportuarias, SL, which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement to operate Norman Manley International Airport in Kingston, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of Norman Manley International Airport in Kingston, Jamaica, and took control of the operation in October 2019.

This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, business performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, when referring to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of major operating and financing strategies and capital expenditure plans, the direction of future operations and factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. These statements reflect management’s current beliefs and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. Statements are based on numerous assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes to these assumptions or factors could cause actual results to differ materially from current expectations.

Pursuant to Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “Alert launcher” program, which allows complainants to anonymously and confidentially report suspicious activity that involves criminal conduct or violations. The phone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 01 800 563 00 47. The website is www.lineadedenuncia.com/gap. The GAP Audit Committee will be notified of all complaints for immediate investigation.

Share.

Comments are closed.