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Extension of USD$60.0 Million Credit Line for MBJ Airports Limited

Apr 01, 2025•about 1 year ago

Contract Type

contract

GuadalajaraTransportationTravelAir Transportation

Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) announces that its subsidiary, MBJ Airports Limited (MBJA), has extended the maturity date to October 4, 2029, of its USD$60.0 million credit line with the Bank of Nova Scotia and the Bank of Nova Scotia Jamaica Limited. The credit line carries a monthly interest rate of SOFR plus 200 basis points and will be repaid in ten equal semi-annual installments of USD$6.0 million each

Company Information

Company

Grupo Aeroportuario del Pacífico S.A.B. de C.V. (GAP)

Location

Guadalajara, Jalisco, Mexico

About

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. It also 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, and entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, taking control of the operation in October 2019.

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