Grupo Aeroportuario del Pacifico Announces Refinancing of Bank Loan for USD$95.5 Million
Rhea-AI Summary
Grupo Aeroportuario del Pacífico (NYSE: PAC) refinanced a bank loan of USD$95.5 million with BBVA México on March 19, 2026. The new facility has a six-month term, an option to extend another six months, interest at SOFR +40 bps, a 10 bps structuring fee, and principal payable at maturity.
Positive
- Refinanced USD$95.5 million loan with same lender
- Facility includes a six-month extension option enhancing flexibility
- Interest spread set at SOFR +40 bps, a relatively low variable spread
Negative
- Short initial term (6 months) creates near-term refinancing risk
- Variable-rate exposure to SOFR could raise interest cost if rates rise
- Transaction includes fees: 10 bps structuring and additional 10 bps if extended
News Market Reaction – PAC
In the Mar 20 session, PAC declined 1.97%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 09 | Shareholders’ meeting call | Positive | +0.7% | Annual meeting notice with proposed dividend and new buyback authorization. |
| Mar 06 | Traffic update | Negative | -0.4% | Reported 5.5% terminal passenger decline in February versus prior year. |
| Feb 23 | Quarterly earnings | Negative | -5.3% | 4Q25 results with higher revenues but a 34.3% drop in comprehensive income. |
| Feb 05 | Traffic update | Negative | +4.1% | January traffic down 2.2% year-on-year despite growth at key Mexican airports. |
| Jan 20 | Debt refinancing | Neutral | +2.6% | Refinanced USD 95.5M loan with 12‑month SOFR-based facility and early repayment option. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including traffic updates and refinancing actions, has typically seen price moves align with the underlying positive or negative tone, with one notable divergence on weaker traffic.
Over the last few months, PAC has mixed operational and financial headlines. A shareholders’ meeting call on Apr 22, 2026 with a proposed dividend of MXN 20.80 and a MXN 2,500,000,000 buyback coincided with a modest gain. Traffic updates in January and February 2026 highlighted volume declines, especially at Montego Bay, with generally softer price reactions. Fourth-quarter 2025 results showed modest revenue and EBITDA growth but weaker comprehensive income and a sharper share drop. A prior USD $95.5 million refinancing in January 2026 preceded a positive move, providing useful context for today’s similar refinancing.
Key Terms
sofr financial
basis points financial
structuring fee financial
forward-looking statements regulatory
whistleblower regulatory
audit committee regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
GUADALAJARA, Mexico, March 19, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (the “Company” or “GAP”) announced that today it refinanced a bank loan for USD
The new loan has a six-month term, with the option to extend for an additional six months, with interest payable monthly at a variable rate equivalent to SOFR plus 40 basis points. It also includes a structuring fee of 10 basis points and, if the extension option is exercised, an additional fee of 10 basis points. The principal will be paid at maturity.
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 |
