Grupo Aeroportuario del Pacifico Announces the Execution of Bank Credit Facilities Totaling Ps. 8,000 Million

GAP secures Ps. 8,000m in short-term bank credit to refinance 2026 maturities and support its Mexican airport investment program.

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (PAC) entered into bank credit facilities totaling Ps. 8,000 million with several financial institutions. The company plans to draw these funds gradually to repay long-term debt certificates maturing in September and October 2026 and to finance capital expenditures under its Master Development Program for Mexican airports.

Of the total, Ps. 4,258 million will repay the “GAP22L” certificates of Ps. 2,758 million maturing on September 21, 2026 and the “GAP21-V” certificates of Ps. 1,500 million maturing on October 9, 2026. The remaining Ps. 3,742 million will fund capital expenditures. The facilities, provided by Santander, BBVA, HSBC, J.P. Morgan and Scotiabank, have terms of 6 to 12 months, some with an additional 6‑month extension option, at a floating rate based on Funding TIIE plus a weighted‑average spread of 45 basis points.

Positive

• New credit facilities of Ps. 8,000 million secured with multiple banks
• Provides funds to repay Ps. 4,258 million in 2026 debt certificates
• Ps. 3,742 million earmarked to finance airport capital expenditures
• Floating-rate margin of 45 bps over Funding TIIE on facilities
• Tenors of 6–12 months with options to extend some loans by 6 months

Negative

• None.

Market Context

PAC's prior close was $204.56 before publication; the facility's Ps. 3,742 million capex allocation ...

Analysis

PAC's prior close was $204.56 before publication; the facility's Ps. 3,742 million capex allocation corresponded with the Ps. 12.0 billion 2026 capex plan disclosed in 2Q26 results.

Key Figures

Credit facilities: Ps. 8,000 million Debt repayment allocation: Ps. 4,258 million GAP22L certificates: Ps. 2,758 million +5 more

Credit facilities

Ps. 8,000 million

Aggregate amount contracted

Debt repayment allocation

Ps. 4,258 million

GAP22L and GAP21-V debt certificates

GAP22L certificates

Ps. 2,758 million

Maturing September 21, 2026

GAP21-V certificates

Ps. 1,500 million

Maturing October 9, 2026

Capital expenditure allocation

Ps. 3,742 million

Master Development Program airports

Facility terms

6 to 12 months

Contracted credit facilities

Extension option

Additional 6 months

Available for certain facilities

Weighted-average spread

45 basis points

Floating rate based on Funding TIIE

Historical Context

1 past event · Latest: Jul 14

1 event

1. Jul 14

   2Q26 earnings

   24h Move

   -2.9%

   Management disclosed planned 2026 capex of Ps. 12.0 billion for airport development

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

credit facilities, basis points

2 terms

credit facilities financial

"announces that it has entered into credit facilities with several financial institutions"

Credit facilities are arrangements with banks or lenders that let a company borrow money up to an agreed limit when it needs cash, similar to a business credit card or a home line of credit. They matter to investors because they show how a company manages short‑ and medium‑term financing needs, affect liquidity and debt levels, and can influence costs and risks if borrowing terms change or covenants are breached.

basis points financial

"a weighted-average spread of 45 basis points"

Basis points are a way to measure small changes in interest rates or percentages, where one basis point equals 0.01%. For example, if a loan's interest rate increases by 50 basis points, it's gone up by 0.50%. They help people understand tiny differences in rates that can add up over time, making financial comparisons clearer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GUADALAJARA, Mexico, Sept. 11, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that it has entered into credit facilities with several financial institutions for an aggregate amount of Ps. 8,000 million.

The funds will be drawn down gradually and will be used primarily to pay long-term debt certificates maturing in September and October 2026, as well as to finance capital expenditures included in the Master Development Program for the Company’s airports in Mexico.

Of the total amount contracted, Ps. 4,258 million will be used to pay the “GAP22L” debt certificates, totaling Ps. 2,758 million and maturing on September 21, 2026, and the “GAP21-V” debt certificates, totaling Ps. 1,500 million and maturing on October 9, 2026. The remaining Ps. 3,742 million will be used to fund capital expenditures.

The credit facilities were entered into with Santander, BBVA, HSBC, J.P. Morgan and Scotiabank, with terms ranging from 6 to 12 months, including certain facilities with an option to extend for an additional 6 months, at a floating interest rate based on Funding TIIE plus a weighted-average spread of 45 basis points.

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.

Saúl Villarreal, Chief Financial Officer	svillarreal@aeropuertosgap.com.mx
Gisela Murillo, Investor Relations	gmurillo@aeropuertosgap.com.mx
	+52 33 3880 1100 ext. 20294