Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 5,648.1 Million
05 Septiembre 2024 - 5:02PM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC;
BMV: GAP) (“the Company” or “GAP”) informs that today successfully
completed the issuance of 56,481,343 (FIFTY-SIX MILLION FOUR
HUNDRED EIGHTY ONE THOUSAND THREE HUNDRED FORTY-THREE) 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. 5,648,134,300 (FIVE BILLION SIX HUNDRED FORTY-EIGHT MILLION
ONE HUNDRED THIRTY-FOUR THOUSAND THREE HUNDRED PESOS 00/100 M.N.)
with a five-year maturity. The order book reached an
over-subscription of 1.2x over the original issuance amount.
This issuance under the ticker symbol “GAP 24”
will pay interest every 28 days at a variable rate of TIIE-28 plus
60 basis points. The principal will be due at maturity on August
30, 2029.
The issuance obtained credit ratings of “Aaa.mx”
by Moody’s and “MxAAA” by S&P, on a national scale and stable
outlook.
The proceeds from this issuance will be
allocated to the payment of the bond certificates under the ticker
symbol “GAP 15” issued on February 20, 2015 and maturing on
February 7, 2025, for an amount of Ps. 1.5 billion. The remainder
will be used to fulfill the committed capital investments under the
Master Development Program in Mexico for 2024 and commercial
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 100% of Desarrollo
de Concessioner Aeroportuarias, S.L., which owns a majority stake
in MBJ Airports Limited, a company operating Sangster International
Airport in Montego Bay, Jamaica. In October 2018, GAP entered into
a concession agreement for the Norman Manley International Airport
operation in Kingston, Jamaica, and took control of the operation
in October 2019.
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 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 involve criminal conduct or violations.
The telephone number in Mexico, facilitated by a third party
responsible for collecting these complaints, is 800 04 ETICA
(38422) or WhatsApp +52 55 6538 5504. The website is
www.lineadedenunciagap.com or by email at
denuncia@lineadedenunciagap.com. GAP’s Audit Committee will be
notified of all complaints for immediate investigation.
Alejandra Soto, Investor Relations and Social
Responsibility Officer asoto@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations
gmurillo@aeropuertosgap.com.mx/+52 33 3880 1100 ext. 20294
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