Grupo Aeroportuario del Pacífico completed a long-term bond issuance in the Mexican market totaling Ps. 10,718.0 million, split into two tranches and reportedly 1.74 times oversubscribed. This adds significant peso-denominated debt funding to support its growth plans.
The first tranche, “GAP 26”, issued 27.67 million securities for Ps. 2,767.0 million, maturing in March 2029 with interest every 28 days at a variable rate of the TIIE funding rate plus 45 basis points. The second tranche, “GAP 26-2”, issued 79.51 million securities for Ps. 7,951.0 million, maturing in March 2036 with a fixed rate of 9.87% and semiannual interest.
Both tranches received top national-scale credit ratings of “Aaa.mx” from Moody’s and “mxAAA” from S&P. The company plans to use the proceeds primarily to finance the acquisition of a 25% stake in Cross Border Xpress (CBX) and to fund capital expenditures under its 2025–2029 Master Development Program.
Grupo Aeroportuario del Pacífico reports that it has paid the maturity of its bond certificate “GAP 23L,” covering 11.2 million certificates for a total of Ps.1,120.0 million. This removes that specific bond obligation from its debt stack.
The company funded this payment with a new Ps.1,120.0 million credit facility from Scotiabank Inverlat, S.A. The loan has a 12‑month term, carries interest at TIIE Funding plus 44 basis points, requires monthly interest payments with principal due at maturity, and does not include fees or prepayment costs.
Pacific Airport Group filed an initial insider ownership report for Simon Carrasco Mar, who serves as Director of Business Development. This Form 3 does not report any buy, sell, or other share transactions; it simply establishes his status as an officer subject to insider reporting rules.
Grupo Aeroportuario del Pacífico (GAP) reports that the Key Performance Indicator tied to its sustainability-linked bonds “GAP 22L,” “GAP 23L,” “GAP 23-2L,” “GAP 24L,” and “GAP 24-2L” has received independent limited assurance.
KPMG Cárdenas Dosal, S.C., applying ISAE 3000 (Revised), issued a limited assurance report over GAP’s KPI of a 25% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions (CO2, CH4, NOx) across all operations in Mexico and Jamaica as of December 31, 2025 versus a 2019 baseline, using emissions inventory assurance from Ruby Canyon. KPMG concluded that nothing came to its attention to indicate this KPI was not achieved in all material respects under the Sustainability-Linked Financing Frameworks.
Grupo Aeroportuario del Pacífico refinanced a bank loan of USD$95.5 million with BBVA México, replacing a facility that matured on the same date. The new loan runs for six months, with an option to extend for another six months, and monthly interest at a variable rate of SOFR plus 40 basis points.
The financing includes a 10-basis-point structuring fee and an additional 10-basis-point fee if the extension option is used, with principal due at maturity. GAP continues to operate 12 airports in Mexico’s Pacific region and two major international airports in Jamaica.
Pacific Airport Group filed an initial insider ownership report for Martinez Mira Juan Francisco, who serves as Dir. Sustainability, Q&I, IT. This Form 3 does not list any transactions or derivative positions, indicating it is a baseline disclosure of insider status rather than a trading event.
Pacific Airport Group director Gallardo Thurlow Juan Ignacio filed an initial Form 3 reporting existing holdings in Series B and Series BB shares. The filing shows indirect ownership of Series BB shares that are convertible into 75,791,619 Series B shares through Aeropuertos Mexicanos del Pacifico (AMP), as well as 21,628,281 Series B shares indirectly via AMP, 602,731 Series B shares held directly, and 140,007 Series B shares held indirectly through Equipos del Aigua. The director may be deemed to beneficially own AMP-held securities through control of PAL Aeropuertos but expressly disclaims beneficial ownership except to the extent of pecuniary interest.
Pacific Airport Group executive Zazueta Chavez Martin Pablo filed an initial Form 3 as Chief of Airports & Regional Revenue. This filing is a baseline disclosure of his beneficial ownership position at the time he became a reporting insider and does not report any stock purchases, sales, or option exercises.
Pacific Airport Group officer Florencio Sanchez Osuna, Director of Infrastructure, filed an initial Form 3 reporting his status as an insider. This filing is a baseline disclosure of his beneficial ownership position and does not report any stock purchase, sale, or other transaction.
Pacific Airport Group filed a Form 3 showing initial beneficial ownership positions for alternate directors Claudia Laviada Diez-Barroso and Carlos Alberto Rohm Campos. The filing reports direct and indirect interests in American Depositary Shares (ADSs) and Series B Shares.
Mrs. Laviada Diez-Barroso directly owns ADSs representing 108,750 underlying Series B Shares and directly holds 13,723 Series B Shares. Through Weston Hill Equity Holdings Canadian LP, in which she is the owner, 110,000 ADSs representing 110,000 underlying Series B Shares and 15,457,111 Series B Shares are reported as indirectly owned. A footnote states that each ADS is convertible into 10 Series B Shares and has no expiration date, and that both reporting persons may be deemed to indirectly beneficially own Weston Hill’s securities, while disclaiming beneficial ownership except to the extent of their pecuniary interest.