Grupo Aeroportuario del Pacifico Announces Issuance of Sustainability-Linked Bond Certificates in Mexico for Ps. 2.8 Billion
GUADALAJARA, Mexico, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced today that it successfully completed the issuance of 27,575,876 long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (One hundred pesos 00/100), for a total value of Ps. 2,757,587,600 (Two billion seven hundred fifty-seven million five hundred eighty-seven thousand six hundred pesos 00/100 M.N.).
The bond certificates were issued in accordance with the following terms:
- 27,575,876 bond certificates were issued under the ticker symbol “GAP 22L”, at a nominal value of Ps. 100 (One hundred pesos 00/100) each, for a total value of Ps. 2,757,587,600 (Two billion seven hundred fifty-seven million five hundred eighty-seven thousand six hundred pesos 00/100 M.N.)
- Interest will be payable every 28 days at a variable rate of TIIE-28 plus 26 basis points; and
- Principal will be due at maturity on September 21, 2026, with an early payment option.
In accordance with the Sustainability-Linked Bond Framework, GAP will annually publish, within its Annual Sustainability Report, an update on the Sustainability-Linked Bond, which will include information regarding the Key Performance Indicator.
The Key Performance Indicator is the reduction of absolute scope 1 and 2 greenhouse gas emissions and will be verified by December 31, 2025 and audited by an external party, in case the target is not met, there will be an upward adjustment of
The issuance obtained the highest credit ratings in Mexico, “Aaa.mx” by Moody’s and “mxAAA” by S&P, both on a national scale with a stable outlook. Additionally, the Company obtained a Second Party Opinion by Sustainalytics, in accordance with the best practices in the industry.
The proceeds from this issuance will be allocated to the payment of the bond certificates under the ticker symbol “GAP 17-2” issued in November 2017 and maturing on November 3, 2022, for an amount of Ps. 2.3 billion and the remainder will be used for capital investments.
Company Description
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired
This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that June involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01 800 563 00 47. The web site is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.
| IR Contacts: | |
| Saúl Villarreal, Chief Financial Officer | svillarreal@aeropuertosgap.com.mx |
| Alejandra Soto, IRO and Corporate Finance Director | asoto@aeropuertosgap.com.mx |
| Gisela Murillo, Investor Relations | gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext.20294 |
