Grupo Aeroportuario del Pacífico Announces Credit Line Refinancing for Ps. 1.0 Billion
Grupo Aeroportuario del PacificoGrupo Aeroportuario del Pacifico(US:PAC) GlobeNewswire News Room·2024-07-10 23:45

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has successfully refinanced a credit facility of Ps. 1.0 billion with Citibanamex, extending the maturity by 12 months and establishing a variable interest rate structure [1]. Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, as well as tourist destinations such as Puerto Vallarta and Los Cabos [2]. - The company was listed on the New York Stock Exchange in February 2006 and on the Mexican Stock Exchange in the same year [2]. - GAP acquired a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, in April 2015, and entered into a concession agreement for the Norman Manley International Airport in Kingston, Jamaica, in October 2018 [2]. Financial Details - The refinanced credit facility will have interest payable monthly at a variable rate of TIIE28 plus 18 basis points, with the principal payment due on July 10, 2025 [1].