PAC - Grupo Aeroportuario Del Pacifico Announces the USD$40.0 Million Drawdown From an Available Credit Facility for the Acquisition of a Company Within the Tijuana Airport | Benzinga
GUADALAJARA, Mexico, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") informs that today it made a drawdown of USD$40.0 million from a credit facility with Banco Nacional de México, S.A., ("Citibanamex"), at a 12-month term. Interest will be payable monthly at a SOFR variable rate plus 25 basis points, and principal payment is due upon maturity, without fees.
Proceeds from this loan will be used for the acquisition of 100% of the shares of a real estate company within the Tijuana airport for USD$35.4 million, which will allow the control, operation, and exploitation of 26 hectares in the airport polygon.
The main activity of this company consists of subleasing cargo operation areas, hangars, and operational areas to aeronautical industry clients, such as air cargo companies, aviation, couriers, customs services, and ancillary services.
We consider that the acquisition of this company becomes a strategic asset for the expansion of the Tijuana airport and for the growth of the Company's non-aeronautical revenues.
COMPANY DESCRIPTION
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates ...