Grupo Aeroportuario Del Pacifico Announces Debt Securities “GAP 21” Payment
Grupo Aeroportuario del Pacífico (NYSE: PAC) has announced the successful payment of its "GAP 21" debt securities on May 2, 2025. The payment covered 25 million long-term debt securities with a face value of Ps. 100.0 each, totaling Ps. 2,500.0 million. The company funded this payment using proceeds from a long-term debt securities issuance completed on February 4, 2025.
GAP operates 12 airports across Mexico's Pacific region, including major cities like Guadalajara and Tijuana, and manages two airports in Jamaica - Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston.
Grupo Aeroportuario del Pacífico (NYSE: PAC) ha annunciato il pagamento con successo dei suoi titoli di debito "GAP 21" il 2 maggio 2025. Il pagamento ha riguardato 25 milioni di titoli di debito a lungo termine con un valore nominale di 100,0 Ps ciascuno, per un totale di 2.500,0 milioni di Ps. La società ha finanziato questo pagamento utilizzando i proventi di un'emissione di titoli di debito a lungo termine completata il 4 febbraio 2025.
GAP gestisce 12 aeroporti nella regione del Pacifico del Messico, comprese città importanti come Guadalajara e Tijuana, e amministra due aeroporti in Giamaica - l'Aeroporto Internazionale Sangster a Montego Bay e l'Aeroporto Internazionale Norman Manley a Kingston.
Grupo Aeroportuario del Pacífico (NYSE: PAC) ha anunciado el pago exitoso de sus valores de deuda "GAP 21" el 2 de mayo de 2025. El pago cubrió 25 millones de valores de deuda a largo plazo con un valor nominal de 100,0 Ps cada uno, sumando un total de 2,500.0 millones de Ps. La compañía financió este pago con los ingresos de una emisión de valores de deuda a largo plazo completada el 4 de febrero de 2025.
GAP opera 12 aeropuertos en la región del Pacífico de México, incluyendo ciudades importantes como Guadalajara y Tijuana, y administra dos aeropuertos en Jamaica: el Aeropuerto Internacional Sangster en Montego Bay y el Aeropuerto Internacional Norman Manley en Kingston.
Grupo Aeroportuario del Pacífico (NYSE: PAC)는 2025년 5월 2일 "GAP 21" 채무증권의 성공적인 상환을 발표했습니다. 이번 상환은 각각 액면가 100.0 페소인 2,500만 장의 장기 채무증권을 포함하며, 총액은 25억 페소에 달합니다. 회사는 2025년 2월 4일 완료된 장기 채무증권 발행 수익으로 이 상환을 자금 조달했습니다.
GAP는 멕시코 태평양 지역의 12개 공항을 운영하며, 과달라하라와 티후아나 같은 주요 도시를 포함하고 있습니다. 또한 자메이카의 몬테고 베이에 위치한 생스터 국제공항과 킹스턴에 있는 노먼 매니 국제공항 두 곳도 관리합니다.
Grupo Aeroportuario del Pacífico (NYSE : PAC) a annoncé le paiement réussi de ses titres de dette "GAP 21" le 2 mai 2025. Le paiement concernait 25 millions de titres de dette à long terme d'une valeur nominale de 100,0 Ps chacun, pour un total de 2 500,0 millions de Ps. La société a financé ce paiement grâce aux produits d'une émission de titres de dette à long terme réalisée le 4 février 2025.
GAP exploite 12 aéroports dans la région du Pacifique au Mexique, incluant des villes majeures comme Guadalajara et Tijuana, et gère deux aéroports en Jamaïque – l'aéroport international Sangster à Montego Bay et l'aéroport international Norman Manley à Kingston.
Grupo Aeroportuario del Pacífico (NYSE: PAC) hat die erfolgreiche Zahlung seiner "GAP 21" Schuldverschreibungen am 2. Mai 2025 bekanntgegeben. Die Zahlung umfasste 25 Millionen langfristige Schuldverschreibungen mit einem Nennwert von jeweils 100,0 Ps, insgesamt 2.500,0 Millionen Ps. Das Unternehmen finanzierte diese Zahlung mit Erlösen aus einer langfristigen Schuldverschreibung, die am 4. Februar 2025 abgeschlossen wurde.
GAP betreibt 12 Flughäfen in der Pazifikregion Mexikos, darunter wichtige Städte wie Guadalajara und Tijuana, und verwaltet zwei Flughäfen in Jamaika – den Sangster International Airport in Montego Bay und den Norman Manley International Airport in Kingston.
- Successful repayment of Ps. 2,500.0 million debt securities
- Payment funded through previous debt issuance, indicating strong financial planning
- None.
Insights
GAP repaid Ps. 2,500 million in maturing debt through refinancing, demonstrating routine financial management with no balance sheet impact.
Grupo Aeroportuario del Pacífico has completed a Ps. 2,500 million debt repayment, satisfying the maturity obligations of its "GAP 21" securities. The payment covered 25 million debt securities at
This transaction represents a straightforward refinancing rather than debt reduction, as GAP explicitly stated the payment was made using proceeds from a previous long-term debt issuance completed on February 4, 2025. The company effectively replaced one debt obligation with another, maintaining its capital structure rather than deleveraging.
The proactive approach to addressing this maturity is noteworthy - GAP secured the necessary financing three months before the actual maturity date, demonstrating prudent liability management. This advance planning eliminates refinancing risk and ensures continuous financial operations.
For infrastructure operators like GAP, which manages 12 Mexican airports and 2 Jamaican facilities, maintaining appropriate debt levels for long-term capital assets is standard practice. The press release provides no details about the terms of the February debt issuance (interest rate, maturity, covenants), preventing assessment of whether this refinancing improved the company's debt profile.
This announcement represents business-as-usual financial management rather than a strategic shift. The transaction appears seamless and preplanned, suggesting orderly financial operations and appropriate treasury management at GAP.
GUADALAJARA, Mexico, May 05, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC; BMV: GAP) (“the Company” or “GAP”) announces that on Friday, May 2, 2025, the payment corresponding to the maturity of the debt securities “GAP 21” was made, equivalent to 25 million long-term debt securities with face value of Ps. 100.0 each, for a total amount of Ps. 2,500.0 million.
The payment was made with proceeds obtained from the issuance of long-term debt securities on February 4, 2025.
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 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 was the total value of GAP 21 debt securities paid by PAC on May 2, 2025?
How did Grupo Aeroportuario del Pacifico (PAC) fund the GAP 21 debt securities payment?
How many airports does Grupo Aeroportuario del Pacifico (PAC) operate?
When did PAC begin operating the Norman Manley International Airport in Jamaica?
