Grupo Aeroportuario del Pacifico Announces the Extension of a USD$60.0 Million Credit Line for Its Subsidiary MBJ Airports Limited (MBJA)

Core Viewpoint - Grupo Aeroportuario del Pacífico (GAP) has announced an extension of the maturity date for its subsidiary MBJ Airports Limited's credit line to October 4, 2029, amounting to USD$60.0 million [1][2]. 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 [3]. - GAP's shares are listed on both the New York Stock Exchange (ticker symbol "PAC") and the Mexican Stock Exchange (ticker symbol "GAP") [3]. - The company acquired a majority stake in MBJ Airports Limited, which operates Sangster International Airport in Jamaica, in April 2015 [3]. - GAP entered into a concession agreement for the operation of Norman Manley International Airport in Kingston, Jamaica, in October 2018 [3]. Financial Details - The credit line carries a monthly interest rate of SOFR plus 200 basis points and will be repaid in ten equal semi-annual installments of USD$6.0 million each [2]. - The extension of the credit line incurred a commission fee of USD$300,000 [2].