Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 8.5 Billion
Grupo Aeroportuario del Pacifico (NYSE:PAC) has successfully completed a dual-tranche bond issuance in Mexico totaling Ps. 8.5 billion. The issuance, which was oversubscribed by 1.98 times, consists of two tranches: a Ps. 4.05 billion three-year tranche with variable rate (TIIE + 48bps) and a Ps. 4.45 billion six-year tranche with a fixed rate of 9.02%.
The bond certificates received the highest credit ratings in Mexico: "Aaa.mx" from Moody's and "mxAAA" from S&P. The proceeds will fund capital investments and repay a Ps. 1.5 billion Santander loan maturing in October 2025.
Grupo Aeroportuario del Pacífico (NYSE:PAC) ha emesso con successo un'obbligazione in due tranche in Messico per un totale di Ps. 8,5 miliardi. L'emissione, sovrascritta per 1,98 volte, comprende una tranche triennale variabile da Ps. 4,05 miliardi (TIIE + 48 pb) e una tranche semestriennale (?) di sei anni a tasso fisso del 9,02% per Ps. 4,45 miliardi.
I titoli hanno ottenuto i massimi rating messicani: "Aaa.mx" di Moody's e "mxAAA" di S&P. I proventi serviranno per investimenti in capitale e per rimborsare un prestito Santander di Ps. 1,5 miliardi in scadenza nell'ottobre 2025.
Grupo Aeroportuario del Pacífico (NYSE:PAC) ha completado con éxito una emisión de bonos en México en dos tramos por un total de Ps. 8.5 mil millones. La emisión, sobresuscrita 1.98 veces, incluye un tramo a tres años por Ps. 4.05 mil millones a tasa variable (TIIE + 48 pb) y un tramo a seis años por Ps. 4.45 mil millones a tasa fija del 9.02%.
Los bonos recibieron las calificaciones crediticias más altas en México: "Aaa.mx" de Moody's y "mxAAA" de S&P. Los recursos financiarán inversiones de capital y el pago de un préstamo con Santander por Ps. 1.5 mil millones que vence en octubre de 2025.
Grupo Aeroportuario del Pacífico (NYSE:PAC)는 멕시코에서 총 Ps. 8.5 billion 규모의 두 트랜치 채권 발행을 성공적으로 완료했습니다. 이번 발행은 1.98배 초과청약을 기록했으며, 변동금리(TIIE + 48bp)의 3년물 Ps. 4.05 billion과 연 9.02% 고정금리 6년물 Ps. 4.45 billion으로 구성됩니다.
해당 채권은 멕시코 최고 신용등급인 무디스의 "Aaa.mx" 및 S&P의 "mxAAA"를 획득했습니다. 조달금은 자본 투자와 2025년 10월 만기인 Ps. 1.5 billion의 산탄데르 대출 상환에 사용될 예정입니다.
Grupo Aeroportuario del Pacífico (NYSE:PAC) a mené à bien une émission obligataire en deux tranches au Mexique pour un montant total de Ps. 8,5 milliards. L'émission, sursouscrite 1,98 fois, se compose d'une tranche trois ans variable de Ps. 4,05 milliards (TIIE + 48 pb) et d'une tranche six ans à taux fixe de Ps. 4,45 milliards à 9,02%.
Les titres ont obtenu les meilleures notations au Mexique : "Aaa.mx" de Moody's et "mxAAA" de S&P. Les fonds serviront à financer des investissements en capital et à rembourser un prêt Santander de Ps. 1,5 milliard arrivant à échéance en octobre 2025.
Grupo Aeroportuario del Pacífico (NYSE:PAC) hat in Mexiko erfolgreich eine Anleihe in zwei Tranchen über insgesamt Ps. 8,5 Milliarden begeben. Die Emission, die 1,98-fach überzeichnet war, besteht aus einer variabel verzinsten Dreijahrestranche über Ps. 4,05 Milliarden (TIIE + 48 Basispunkte) und einer sechsjährigen Festzins-Tranche über Ps. 4,45 Milliarden mit einem Zinssatz von 9,02%.
Die Anleihen erhielten die höchsten mexikanischen Bonitätsbewertungen: "Aaa.mx" von Moody's und "mxAAA" von S&P. Die Mittel werden für Kapitalinvestitionen und zur Rückzahlung eines Santander-Kredits in Höhe von Ps. 1,5 Milliarden verwendet, der im Oktober 2025 fällig wird.
- Strong market demand with 1.98x oversubscription of the bond issuance
- Highest possible credit ratings in Mexico (Aaa.mx/mxAAA) with stable outlook
- Successful diversification of funding sources through dual-tranche structure
- Strategic debt management by refinancing existing loan and funding capital investments
- Increased debt load with Ps. 8.5 billion in new bonds
- Higher interest expense with 9.02% fixed rate on six-year tranche
Insights
GAP's Ps. 8.5B bond issuance demonstrates strong market confidence with high ratings and 1.98x oversubscription, enhancing financial flexibility.
Grupo Aeroportuario del Pacifico's
The
The allocation of proceeds is strategically sound. By directing funds toward capital investments, GAP is positioning for future growth, while the repayment of the
For a company operating 14 airports across Mexico and Jamaica, this financial maneuver enhances balance sheet flexibility at a time when infrastructure investments in tourism-related assets could yield significant returns. The successful bond placement strengthens GAP's financial foundation while potentially accelerating growth initiatives across their diverse airport portfolio.
GUADALAJARA, Mexico, Aug. 22, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC; BMV: GAP) (“the Company” or “GAP”) announces that today completed successfully the issuance of 85 million long-term bond certificates in Mexico (Certificados Bursátiles) for a total amount of Ps. 8.5 billion (EIGHT POINT FIVE BILLION PESOS 00/100 M.N.).
The issuance was carried through two tranches and reached the total authorized amount. The order book reached an oversubscription of 1.98 times over the announced amount.
The bond certificates were issued in accordance with the following terms:
- Issuance of 40.5 million debt certificates with ticker symbol “GAP 25-2” maturing in three years, with a nominal value of Ps. 100 (ONE HUNDRED PESOS 00/100) each, for a total amount of Ps. 4.05 billion (FOUR BILLION FIFTY MILLION PESOS 00/100 M.N.). Interest payable every 28 days at a variable rate of “TIIE funding” plus 48 basis points. Principal payment is due at maturity on August 18, 2028, with an option for early amortization.
- Issuance of 44.5 million debt certificates with ticker symbol “GAP 25-3” maturing in six years, with a nominal value of Ps. 100 (ONE HUNDRED PESOS 00/100) each, for a total amount of Ps. 4.45 billion (FOUR BILLION FOUR HUNDRED FIFTY MILLION PESOS 00/100 M.N.). Interest is payable every 182 days at a fixed rate of
9.02% . Principal payment is due at maturity on August 15, 2031, with an option for early amortization.
The issuances obtained the highest credit ratings in Mexico: “Aaa.mx” by Moody’s and “mxAAA” by S&P, both on a national scale with a stable outlook.
The proceeds will be used to finance capital investments and for the repayment of the principal of a Ps. 1.5 billion loan with Banco Santander, S.A., maturing on October 17, 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 is the size and structure of PAC's new bond issuance in Mexico?
What credit ratings did PAC receive for its 2025 bond issuance?
How will PAC use the proceeds from its Ps. 8.5 billion bond issuance?
What was the market demand for PAC's 2025 bond offering?
When do PAC's new bond certificates mature?
