Grupo Aeroportuario del Pacifico Announces Credit Line Refinancing for Ps. 1.5 Billion
Grupo Aeroportuario del PacificoGrupo Aeroportuario del Pacifico(US:PAC) GlobeNewswire News Room·2024-06-07 21:16

Company Overview - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) 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 [1] - GAP's shares are listed on the New York Stock Exchange under the ticker symbol "PAC" and on the Mexican Stock Exchange under "GAP" [1] - The company has expanded internationally, acquiring a majority stake in MBJ Airports Limited in Jamaica and entering a concession agreement for the Norman Manley International Airport [1] Recent Financial Developments - On June 7, 2024, GAP completed the refinancing of a credit facility with Banco Nacional de México for Ps. 1.5 billion, extending the maturity by 18 months [2] - The refinancing includes a variable interest rate of TIIE-28 plus 24 basis points, with principal payment due on December 5, 2025 [2] Compliance and Governance - GAP has implemented a "whistleblower" program in accordance with the Sarbanes-Oxley Act, allowing anonymous reporting of suspected criminal conduct or violations [3] - Complaints are collected by a third party and reported to GAP's Audit Committee for immediate investigation [3]