PAC - Grupo Aeroportuario del Pacifico Announces a Drawdown of a Credit Line for Ps. 875.0 Million | Benzinga
GUADALAJARA, Mexico, June 20, 2024 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") announces that yesterday drawdown of Ps. 875.0 million from a credit facility with BBVA México, S.A., at a 12-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 20 basis points, and principal payment due upon maturity on June 19, 2025, without fees.
Proceeds from this loan will be allocated to pay and close the acquisition of 51.5% of the company's shares Guadalajara World Trade Center, S.A. de C.V. ("GWTC") announced last June 11.
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 ...