With this financing, the Company extended its short-term, dollar-denominated maturities, which provides more certainty with regards to the use of its financial resources for 2021. The refinancing was obtained from the same two Banking Institutions that originally granted these loans. The financing terms were the following:
- On
October 19 , the Company signed a credit refinancing forUS$ 95.5 million withScotiabank Inverlat, S.A. , due inJanuary 2021 . The new loan has a 36-month term from the date of its disbursement, which will take place inJanuary 19, 2021 ; interest will be payable monthly at an annual fixed rate of 2.063%, structuring fee of 30 basis points and principal payment will be payable at the due date. - On
October 22 , the Company signed a credit refinancing withBBVA Bancomer, S.A. , due inFebruary 2021 , forUS$ 95.5 million . The new loan has a 36-month term from the date of its disbursement, which will take place onFebruary 2, 2021 ; interest will be payable monthly at a fixed annual rate of 1.97%, an up-front fee of 60 basis points and the principal payment will be payable at the due date.
Company Description:
Grupo Aeroportuario del Pacífico,
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
IR Contacts: | |
svillarreal@aeropuertosgap.com.mx | |
asoto@aeropuertosgap.com.mx | |
gmurillo@aeropuertosgap.com.mx / +523338801100 ext. 20294 | |
mbarona@i-advize.com |
Source: Grupo Aeroportuario del Pacífico,
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