Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 3.0 Billion
20 März 2024 - 11:23PM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV:
GAP) (the “Company” or “GAP”) announced today that it successfully
completed the issuance of 30 million long-term bond certificates in
Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each
(One hundred pesos 00/100), for a total value of Ps. 3.0 billion.
The order book reached an over-subscription of 2.4x over the
original issuance amount.
The proceeds from this issuance will be
allocated to the payment of the bond certificates under the ticker
symbol “GAP 19” issued on March 27, 2019, and maturing on March 22,
2024, for an amount of Ps. 3.0 billion.
The bond certificates were issued in accordance
with the following terms:
- 13,848,683 bond certificates were
issued under the ticker symbol “GAP24-L”, at a nominal value of Ps.
100 (one hundred pesos 00/100) each, for a total value of
Ps.1,384,868,300 million (one billion three hundred eighty-four
million eight hundred sixty-eight thousand three hundred pesos
00/100). Interest will be payable every 28 days at a variable rate
of TIIE-28 plus 25 basis points. The principal will be due at
maturity on March 17, 2027.
- 16,151,317 bond certificates were
issued under the ticker symbol “GAP24-2L”, at a nominal value of
Ps. 100 (one hundred pesos 00/100) each, for a total value of Ps.
1,615,131,700 (one billion six hundred fifteen million one hundred
thirty-one thousand seven hundred pesos 00/100). Interest will be
payable every 182 days at a fixed rate of 9.94%. The principal will
be due at maturity on March 12, 2031.
In accordance with the Sustainability-Linked
Bond Framework, GAP will annually publish, within its Annual
Sustainability Report, an update on the Key Performance
Indicator.
The Sustainability Performance Targets are:
- Reduction of 25% of absolute scope
1 and 2 greenhouse gas emissions by 2025 compared to 2019. In case
the target is not met, for the “GAP24-L” 20 basis points will be
added to the coupon starting from February 28, 2026, and until its
expiration; while for the “GAP24-2L, 10 basis points will be added
to the coupon starting from February 28, 2026, and until its
expiration.
- 14 airports with ACA Level 3
certification and at least three of them with ACA Level 3+
certification by December 31st, 2028. In case the target is not
met, for the “GAP24-2L” 20 basis points will be added to the coupon
starting from February 28, 2029, and until its expiration.
The issuance obtained the highest credit ratings
in Mexico, "Aaa.mx" by Moody's and "mxAAA" by S&P, both on a
national scale with a stable outlook. Additionally, the Company
obtained a Second Party Opinion from S&P, per the industry’s
best practices.
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 operation of the Norman Manley
International Airport 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 actually 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 June involve
criminal conduct or violations. The telephone number in Mexico,
facilitated by a third party that is in charge of collecting these
complaints, is 01 800 563 00 47. The website is
www.lineadedenuncia.com/gap. 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 Relations |
gmurillo@aeropuertosgap.com.mx/+52 33 3880 1100 ext. 20294 |
Gap (TG:GAP)
Historical Stock Chart
Von Sep 2024 bis Okt 2024
Gap (TG:GAP)
Historical Stock Chart
Von Okt 2023 bis Okt 2024