Grupo Aeroportuario del Pacifico Announces the Payment of Bond Certificate “GAP 23L” for Ps.1,120.0 Million

Grupo Aeroportuario del Pacífico (NYSE: PAC) paid the maturity of bond certificate GAP 23L for Ps.1,120.0 million by using proceeds from a new credit facility with Scotiabank Inverlat for Ps.1,120.0 million.

Rhea-AI Summary

Grupo Aeroportuario del Pacífico (NYSE: PAC) paid the maturity of bond certificate GAP 23L for Ps.1,120.0 million by using proceeds from a new credit facility with Scotiabank Inverlat for Ps.1,120.0 million.

The facility has a 12-month term, interest at TIIE Funding +44 bps, monthly interest payments, principal at maturity, and no fees or prepayment costs.

Positive

• Debt of Ps.1,120.0M refinanced via new credit facility
• Fixed cost terms: interest at TIIE Funding +44 bps
• No fees or prepayment costs on the facility

Negative

• Short 12-month term creates near-term refinancing requirement
• Principal due at maturity concentrates repayment risk in one payment

Argus Mar 24 session

+2.94% close to close Open Argus

Details

News Market Reaction – PAC

On Mar 24, the first trading day after this news, PAC closed 2.94% above the previous close.

Data tracked by StockTitan Argus for the Mar 24 session.

Key Figures

Bond notional: Ps.1,120.0 million Certificates: 11.2 million New facility size: Ps.1,120.0 million +2 more

Bond notional

Ps.1,120.0 million

Payment of bond certificate GAP 23L

Certificates

11.2 million

Number of GAP 23L bond certificates paid

New facility size

Ps.1,120.0 million

Credit facility with Scotiabank Inverlat to fund bond payment

Facility term

12 months

Maturity of new Scotiabank Inverlat credit facility

Interest spread

TIIE Funding + 44 basis points

Interest rate on new credit facility

Historical Context

5 past events · Latest: Mar 19

5 events

1. Mar 19

   Loan refinancing

   24h Move

   -2.0%

   Refinanced USD$95.5M bank loan with new BBVA Mexico facility.

2. Mar 09

   Shareholder meeting

   24h Move

   +0.7%

   Called AGM with proposed dividend and large share repurchase authorization.

3. Mar 06

   Traffic update

   24h Move

   -0.4%

   Reported 5.5% February passenger decline with notable drops at key airports.

4. Feb 23

   4Q25 earnings

   24h Move

   -5.3%

   4Q25 showed higher revenue/EBITDA but sharply lower comprehensive income.

5. Feb 05

   Traffic update

   24h Move

   +4.1%

   January 2026 passenger traffic fell 2.2% versus 2025 despite some airport gains.

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

Key Terms

bond certificate, credit facility, basis points, tiiE funding, +2 more

6 terms

bond certificate financial

"it paid the maturity of the bond certificate identified as “GAP 23L,”"

A bond certificate is a paper or electronic document that proves you have lent money to an issuer—such as a company or government—and lists the key terms like how much was lent, the interest rate, and when the loan will be repaid. Think of it as an IOU or mortgage note for a loan you hold; it matters to investors because it documents the right to receive interest payments and principal back, helps determine income and risk in a portfolio, and serves as the record needed for trading, taxes, or legal claims.

credit facility financial

"The payment was made using proceeds from a new credit facility with Scotiabank Inverlat, S.A."

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

basis points financial

"an interest rate equivalent to TIIE Funding plus 44 basis points, with monthly interest payments"

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.

tiiE funding financial

"an interest rate equivalent to TIIE Funding plus 44 basis points, with monthly interest payments"

Funding tied to the TIIE is borrowing or short-term financing priced off Mexico’s benchmark interbank interest rate (Tasa de Interés Interbancaria de Equilibrio). For investors, it matters because interest expense, loan repayments and yields on peso-denominated instruments will move when the TIIE changes—similar to a variable-rate loan where payments rise or fall with a public reference rate—affecting a company’s cash flow, profitability and credit costs.

sarbannes-oxley act of 2002 regulatory

"In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42"

A U.S. federal law that tightened rules for corporate financial reporting, audits, and executive accountability to reduce fraud and restore investor trust. Think of it as a safety inspection program for a company’s books: it requires stricter checks, clearer disclosures, independent audits, and stronger penalties for false statements. Investors care because it makes financial statements more reliable, lowers the risk of hidden problems, and can affect a company’s costs and leadership behavior.

whistleblower program regulatory

"GAP has implemented a “whistleblower” program, which allows complainants to anonymously"

A whistleblower program lets employees or outsiders confidentially report suspected fraud, legal violations, or unsafe practices to regulators or a company, often with protection from retaliation and sometimes monetary rewards. Think of it as an alarm button that brings hidden problems into the open. Investors care because such reports can trigger investigations, fines, lawsuits or corrective fixes that affect a company’s finances, reputation and stock value.

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

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GUADALAJARA, Mexico, March 23, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that today it paid the maturity of the bond certificate identified as “GAP 23L,” equivalent to 11.2 million certificates for a total amount of Ps.1,120.0 million.

The payment was made using proceeds from a new credit facility with Scotiabank Inverlat, S.A. for Ps.1,120.0 million, with a 12-month term and an interest rate equivalent to TIIE Funding plus 44 basis points, with monthly interest payments and principal at maturity. This facility does not include fees or prepayment costs.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Grupo Aeroportuario del Pacífico announce on March 23, 2026 regarding GAP 23L (PAC)?

The company paid the maturity of bond certificate GAP 23L for Ps.1,120.0 million today. According to the company, payment was funded with proceeds from a new Ps.1,120.0 million credit facility with Scotiabank Inverlat.

What are the key terms of the Scotiabank Inverlat credit facility used to pay GAP 23L (PAC)?

The facility is for Ps.1,120.0 million with a 12-month term and interest at TIIE Funding plus 44 basis points. According to the company, interest is paid monthly and principal is due at maturity, with no fees or prepayment costs.

How does the new credit facility affect PAC's immediate liquidity position?

The facility provided Ps.1,120.0 million to cover the GAP 23L maturity, preserving short-term liquidity. According to the company, the proceeds were used directly to pay the bond certificates that matured today.

Does the Scotiabank Inverlat loan include prepayment penalties for PAC?

No, the facility does not include fees or prepayment costs. According to the company, the credit agreement explicitly contains no fees or penalties for early repayment.

When is the principal of the new Scotiabank Inverlat facility due for Grupo Aeroportuario del Pacífico (PAC)?

Principal is due at the facility's maturity, which is 12 months from issuance. According to the company, the loan carries monthly interest payments and the full principal payment is scheduled at maturity.

Where can investors find contact information for Grupo Aeroportuario del Pacífico (PAC) investor relations?

Investor relations contacts and reporting channels are provided for inquiries and whistleblower reports. According to the company, specific email addresses and phone numbers are available for investor relations and anonymous complaints.