Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 2.5 Billion
October 15 2021 - 5:32PM
Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV:
GAP) (the “Company” or “GAP”) announced that today successfully
completed the issuance of 25 million long-term bond certificates in
Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each
(one hundred pesos 00/100 M.N.), for a total value of Ps. 2.5
billion (two point five billion pesos 00/100 M.N.), issued jointly
through green bond certificates and the first reopening of the
fourth issuance under the ticker symbol “GAP21-2”. The order book
reached a subscription of 4.7x.
The bond certificates were issued in accordance
with the following terms:
- Ps. 1.5 billion (one point five
billion pesos 00/100 M.N.) in 5-year green bond
certificates under the ticker symbol “GAP21V”. 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 October 9,
2026, with an early amortization option.
- Ps. 1.0 billion (one billion pesos
00/100 M.N.) corresponding to the first reopening of
“GAP21-2” long-term fixed rate bond, originally issued on
May 7, 2021, and has the same characteristics as the original
issuance. Interest will be payable every 182 days at a coupon of
7.91%; the principal will be due at maturity on April 28, 2028,
with an early amortization option. The issuance price was Ps.
101.323278 (one hundred one pesos 323278/1000000) each. The price
was calculated taking into consideration that the additional bond
certificates obtain the interest corresponding to the entire period
of interest ongoing of the original bond certificates, and in
consideration of the surcharge applicable to the additional bond
certificates.
The issuances obtained credit ratings of
“Aaa.mx” by Moody’s and “MxAAA” by S&P, on a national
scale.
The resources from these issuances will be used
to fulfill the investments committed under the Master Development
Program for 2021 and part of 2022, as well as to finance eligible
green projects in accordance with our Green Financing Framework,
which is aligned with the International Capital Markets Association
(ICMA) Green Bond Principles and the United Nations (UN)
Sustainable Development Goals, and that received a positive opinion
from the firm Sustainalytics. The green projects will fall within
the following eligible categories:
• Green buildings: investments related to new
buildings or refurbishments to existing buildings, resulting in a
reduction in energy consumption• Renewable energy: investments
related to the generation of solar energy• Energy efficiency:
investments related to the renewal, installation, operatio, and
maintenance of equipment that controls and reduces energy
consumption• Other projects related to the sustainable water and
wastewater management, clean transportation, prevention, and
control of pollution, as well as projects related to
biodiversity
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. 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. |
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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 web site is
www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified
of all complaints for immediate investigation.
IR
Contacts:Saúl Villarreal, Chief Financial OfficerAlejandra Soto,
IRO and Corporate Finance DirectorGisela Murillo, Investor
Relations |
svillarreal@aeropuertosgap.com.mxasoto@aeropuertosgap.com.mxgmurillo@aeropuertosgap.com.mx /
+52-33-3880-1100 ext.20294 |
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