Grupo Aeroportuario del Pacifico Announces the Ps.1.5 Billion Drawdown from Available Credit Facility
Grupo Aeroportuario del Pacífico (PAC) announced a drawdown of Ps. 1.5 billion from Citibanamex for an 18-month loan. The funding will support capital investments, with interest payable monthly at a variable rate linked to TIIE-28 plus 38 basis points, and principal due upon maturity. The company operates 12 airports in Mexico's Pacific region and has expanded internationally.
- Secured Ps. 1.5 billion loan for capital investments.
- Stable interest rate structure with principal due upon maturity.
- None.
GUADALAJARA, Mexico, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that today made a drawdown of Ps. 1.5 billion from a credit facility with Banco Nacional de México, S.A., (“Citibanamex”), at an 18-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 38 basis points, and principal payment due upon maturity, without fees.
Proceeds from this loan will be allocated towards the financing of capital investments purposes.
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 Alejandra Soto, IRO and Corporate Finance Director Gisela Murillo, Investor Relations | svillarreal@aeropuertosgap.com.mx asoto@aeropuertosgap.com.mx gmurillo@aeropuertosgap.com.mx / +52-33-3880-1100 ext.20294 |
FAQ
What is the recent loan announcement by Grupo Aeroportuario del Pacífico (PAC)?
How long is the term for Grupo Aeroportuario del Pacífico's loan?
What is the interest rate structure for PAC's new loan?
