Grupo Aeroportuario del Pacifico Announces Refinancing of Bank Loan for USD$95.5 Million

Core Viewpoint - Grupo Aeroportuario del Pacífico has successfully refinanced a bank loan of USD 95.5 million with BBVA México, extending its financing terms and maintaining liquidity [1][2]. Group 1: Loan Details - The new loan has a six-month term with an option to extend for an additional six months [2]. - Interest on the loan is payable monthly at a variable rate equivalent to SOFR plus 40 basis points, with a structuring fee of 10 basis points [2]. - If the extension option is exercised, an additional fee of 10 basis points will apply, and the principal will be paid at maturity [2]. Group 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]. - The company was listed on the New York Stock Exchange in February 2006 and on the Mexican Stock Exchange in the same year [3]. - GAP acquired a majority stake in MBJ Airports Limited in April 2015 and entered into a concession agreement for the Norman Manley International Airport in Jamaica in October 2018 [3].