Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 6.0 Billion

Core Viewpoint - Grupo Aeroportuario del Pacífico successfully completed the issuance of 60 million long-term bond certificates totaling Ps. 6.0 billion, with significant oversubscription and high credit ratings from Moody's and S&P [1][2]. Group 1: Bond Issuance Details - The bond issuance was conducted in two tranches, with an initial amount of Ps. 5.0 billion and a greenshoe option of 20% exercised upon closing, resulting in an oversubscription of 3.4 times [1]. - The proceeds will be used to pay off existing debt certificates "GAP 20" and "GAP 21," totaling Ps. 5.5 billion, and to fund committed investments under the Master Development Program for the 2025 fiscal year [3]. Group 2: Company Overview - Grupo Aeroportuario del Pacífico operates 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and tourist destinations such as Puerto Vallarta and Los Cabos [4]. - The company has expanded its operations internationally, acquiring stakes in airports in Jamaica, including Sangster International Airport and Norman Manley International Airport [4].