Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for PS. 5.0 Billion
March 17 2022 - 5:49PM
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 50 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. 5.0 billion,
through a dual tranche strategy. The amount of the issuance was up
to Ps. 4.0 billion with a greenshoe option of Ps. 1.0 billion,
which was reached at the closing of the issuance. The order book
reached an over-subscription of 4.04x.
The bond certificates were issued in accordance
with the following terms:
- 20 million 5-year bond certificates
were issued under the ticker symbol “GAP22”, at a nominal value of
Ps. 100 (One hundred pesos 00/100) each, for a total value of
Ps.2.0 billion (Two billion pesos 00/100). Interest will be payable
every 28 days at a variable rate of TIIE-28 plus 18 basis points;
the principal will be due at maturity on March 11, 2027, with an
early payment option.
- 30 million 10-year bond
certificates were issued under the ticker symbol “GAP22-2”, at a
nominal value of Ps. 100 (One hundred pesos 00/100) each, for a
total value of Ps. 3.0 billion (Three billion pesos 00/100).
Interest will be payable every 182 days at a fixed rate of 9.67%;
the principal will be due at maturity on March 4, 2032, with an
early payment option.
Proceeds from the issuance will be allocated to
fulfilling investments committed under the Master Development
Program in Mexico for 2022, as well as commercial investments. In
addition, the proceeds will be allocated to the paying of financial
liabilities due in March of this year.
The issuances obtained credit ratings of
“Aaa.mx” by Moody’s and “MxAAA” by S&P, on a national
scale.
Company DescriptionGrupo 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.
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.
Saúl Villarreal, Chief Financial Officer |
svillarreal@aeropuertosgap.com.mx |
Alejandra Soto, IR and Corporate Finance Director |
asoto@aeropuertosgap.com.mx |
Gisela Murillo, Investor Relations |
gmurillo@aeropuertosgap.com.mx / +523338801100 ext.
20294 |
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