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[6-K] Pacific Airport Group Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Grupo Aeroportuario del Pacífico refinanced a USD $40.0 million credit line with Banco Nacional de México (Banamex), replacing a facility that matures today with a new five-year loan. Interest is variable, payable monthly at SOFR plus 81 basis points, with no additional commissions. Principal is due at the new maturity on September 18, 2030. The filing also reiterates GAP's business overview operating 12 airports across Mexico's Pacific region and discloses its anonymous whistleblower channels and contact details for investor relations.

Positive
  • Extended maturity to September 18, 2030, reducing near-term refinancing risk
  • Competitive pricing at SOFR + 81 basis points with no additional commissions
  • Same lender relationship maintained with Banco Nacional de México (Banamex), supporting counterparty continuity
Negative
  • None.

Insights

TL;DR Refinancing extends debt maturity five years at a market-linked rate, preserving liquidity and avoiding immediate cash outflow for principal.

The company replaced a maturing USD $40.0 million facility with the same lender on a five-year tenor, moving to a variable rate priced at SOFR+81bps and no extra commissions. For a capital-intensive airport operator, extending this short-term obligation reduces near-term refinancing risk and preserves cash for operations or capital projects. The variable SOFR linkage transfers interest-rate risk to GAP but the spread is modest, suggesting competitive pricing relative to syndicated bank markets. Overall, this transaction is operationally prudent and liquidity-supportive.

TL;DR Maturity extension lowers immediate refinancing risk, but variable-rate exposure increases sensitivity to rising short-term rates.

Extending the USD $40.0 million line to September 18, 2030 removes a near-term repayment obligation and signals lender willingness to continue the relationship. However, the move to a SOFR-based floating rate (plus 81bps) means GAP's interest expense will fluctuate with market rates, exposing cash flows to potential increases in SOFR. The absence of additional commissions is positive for cost transparency, but investors should note increased rate volatility risk versus a fixed-rate alternative.

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-32751

GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V.
(PACIFIC AIRPORT GROUP)

(Translation of registrant's name into English)

México
(Jurisdiction of incorporation or organization)

Avenida Mariano Otero No. 1249-B
Torre Pacifico, Piso 6
Col. Rinconada del Bosque
44530 Guadalajara, Jalisco, México
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ]      Form 40-F [   ]


Grupo Aeroportuario del Pacífico Announces Credit Line Refinancing for USD$40.0 Million

GUADALAJARA, Mexico, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces the refinancing of a USD $40.0 million credit line, maturing today, with Banco Nacional de México, S.A. (“Banamex”), for a five-year term with the same financial institution. Interest will be payable monthly at a variable rate equivalent to SOFR plus 81 basis points, with no additional commissions. The payment of the principal will be due at maturity, on September 18, 2030.

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 Officerasoto@aeropuertosgap.com.mx
  
Gisela Murillo, Investor Relationsgmurillo@aeropuertosgap.com.mx
 +52 33 3880 1100 ext. 20294


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

      Grupo Aeroportuario del Pacífico, S.A.B. de C.V.    
  (Registrant)
   
  
Date: September 18, 2025     /s/ SAÚL VILLARREAL GARCÍA    
  Saúl Villarreal García
  Chief Financial Officer
  

FAQ

What did GAP announce regarding its credit line (PAC)?

GAP refinanced a USD $40.0 million credit line with Banamex for a five-year term, with interest at SOFR + 81 bps and principal due on September 18, 2030.

When is the principal repayment due for the refinanced facility?

The principal payment is due at maturity on September 18, 2030.

Does the new loan include any additional commissions or fees?

No; the filing states the refinancing carries no additional commissions.

Which lender provided the refinanced credit line?

The facility was refinanced with Banco Nacional de México, S.A. (Banamex).

How does the interest rate on the new facility work?

Interest is variable and payable monthly, indexed to SOFR plus 81 basis points.
Grupo Aeroport

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11.02B
50.53M
20.25%
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