StockNews.AI

Grupo Aeroportuario del Pacifico Announces Refinancing of Bank Debt for USD$95.5 Million

StockNews.AI • 16 hours

PACJAM
High Materiality8/10

Information

GUADALAJARA, Mexico, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) (the "Company" or "GAP") announced that today it refinanced the USD$95.5 million bank loan

Original source

AI Summary

Grupo Aeroportuario del Pacífico (GAP) has refinanced a significant USD$95.5 million loan, enhancing financial flexibility with a twelve-month agreement that includes an early repayment option. This move underscores GAP's proactive management of its debt obligations, which could improve liquidity and investor confidence in its financial health.

Sentiment Rationale

Refinancing enhances liquidity and financial stability, historically supporting stock price improvements. Similar cases in the past, where companies successfully managed their debt, noted positive market reactions.

Trading Thesis

Buy BMV:GAP; refinancing strengthens liquidity amid potential growth in air travel.

Market-Moving

  • The successful loan refinancing may lead to improved liquidity for GAP.
  • A positive shift in airport operations can increase passenger volumes and revenue.
  • Future financial projections may enhance due to decreased interest burden.
  • Increased regional tourism could elevate GAP's earnings potential going forward.

Key Facts

  • GAP refinanced a USD$95.5 million loan today with Scotiabank.
  • The new loan has a twelve-month term with interest based on SOFR.
  • It includes an early repayment option, maturing January 2027.
  • GAP manages 12 airports in Mexico and Jamaica, driving regional air travel growth.
  • Forward-looking statements indicate potential volatility in financial projections.

Companies Mentioned

  • Scotiabank Inverlat, S.A. (NA): Provided refinancing for GAP, impacting its financial maneuverability.
  • The Bank of Nova Scotia (NA): Involved in the new financing agreement, indicating confidence in GAP's outlook.

Corporate Developments

This article falls under 'Corporate Developments' as it highlights significant financial restructuring by GAP. Such developments are crucial for investors tracking the stability and growth potential of the company amidst changing market conditions.

GUADALAJARA, Mexico, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) (the "Company" or "GAP") announced that today it refinanced the USD$95.5 million bank loan that matured on this date with Scotiabank Inverlat, S.A., through the execution of a new financing agreement with The Bank of Nova Scotia for a twelve-month term.

The loan will accrue interest payable on a monthly basis at a variable rate equivalent to 1-month SOFR plus 50 basis points, with no additional fees. The loan matures on January 19, 2027, with an option for early repayment.

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 Relationsgmurillo@aeropuertosgap.com.mx

+52 33 3880 1100 ext. 20294





Primary Logo

Related News