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Grupo Aeroportuario del Pacifico says has refinanced its debt for $191 million -Breaking

by Mike Robinson

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© Reuters. The logo of Grupo Aeroportuario del Pacifico, a Mexican airport operator, is displayed on a screen at Miguel Hidalgo y Costilla International Airport in Guadalajara (Mexico), December 9, 2020. REUTERS/Fernando Carranza

(Reuters). Mexican airport operator Grupo Aeroportuario del Pacifico (NYSE:) said on Friday it has refinanced its debt for $191 million, due in January and February 2024.

Company stated that it had extended the maturity of its existing debt by refinancing for an additional two years. The new maturity will be in January or March 2026.

The company also announced that it had signed a credit refinance agreement with BBVA Mexico (MC:), for $95.5 Million, which is due February 2024.

The company stated that “the new loan has an initial term of 48 months, and will begin disbursement on March 31, 2022.” It also said that interest would be paid at 2.45% per month with a structuring fee equal to 20 basis points.

This week, a contract with Scotiabank Inverlat S.A was signed for $95.5 Million, which is due January 2024. The company stated that interest will be paid monthly at a fixed rate of 2.6% with a structuring fee at five basis points, and that principal payments will be due at the due date.

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