Grupo Aeroportuario del Pacífico Announces Credit Line Refinancing for USD$40.0 Million

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (NYSE: PAC) has successfully refinanced a USD $40.0 million credit line with Banco Nacional de México (Banamex). The new five-year credit facility will mature on September 18, 2030, with interest payable monthly at a variable rate of SOFR plus 81 basis points.

GAP operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, along with tourist destinations such as Puerto Vallarta and Los Cabos. The company also manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.

Positive

• Successful refinancing of USD $40.0 million credit line maintains financial flexibility
• Extended maturity by 5 years to September 2030 improves debt structure
• No additional commissions on the refinanced credit line reduces costs
• Principal payment due at maturity provides better cash flow management

Negative

• Variable interest rate exposure to SOFR fluctuations could impact financing costs

News Market Reaction – PAC

-0.60%

1 alert

-0.60% News Effect

On the day this news was published, PAC declined 0.60%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GUADALAJARA, Mexico, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces the refinancing of a USD $40.0 million credit line, maturing today, with Banco Nacional de México, S.A. (“Banamex”), for a five-year term with the same financial institution. Interest will be payable monthly at a variable rate equivalent to SOFR plus 81 basis points, with no additional commissions. The payment of the principal will be due at maturity, on September 18, 2030.

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

FAQ

What is the size and terms of PAC's new credit line refinancing?

PAC refinanced a USD $40.0 million credit line with Banamex for a five-year term, with interest payable monthly at SOFR plus 81 basis points and principal due at maturity in September 2030.

How many airports does Grupo Aeroportuario del Pacífico operate?

GAP operates 14 airports in total: 12 airports throughout Mexico's Pacific region and 2 airports in Jamaica (Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston).

When will PAC's refinanced credit line mature?

The refinanced credit line will mature on September 18, 2030, representing a five-year term from the refinancing date.

What are the interest payment terms for PAC's refinanced credit line?

Interest will be paid monthly at a variable rate of SOFR plus 81 basis points, with no additional commissions.

Which major Mexican cities are served by PAC's airports?

PAC operates airports in major Mexican cities including Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz, Manzanillo, Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis.