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Grupo Aeroportuario del Pacifico Announces the Drawdown of Ps. 1.5 billion From a Credit Facility

GUADALAJARA, Mexico, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") announces that today made a drawdown of Ps. 1.5 billion from a credit facility with Banco Santander México, S.A., at a 12-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 were allocated to pay the Ps. 1.5 billion credit facility with Scotiabank Inverlat, S.A., which matures today.

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 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns ...

Full story available on Benzinga.com


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