Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates for Ps. 2.3 Billion
10 November 2017 - 10:21AM
Business Wire
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 23 million long-term bond
certificates in Mexico (Certificados Bursátiles) at a nominal value
of Ps. 100 each, for a total value of Ps. 2.3 billion.
The bond certificates were issued in accordance with the
following terms:
- 23 million bond certificates were
issued under the ticker symbol “GAP17-2”, at a nominal value of Ps.
100 (one hundred pesos 00/100 M.N.) each, for a total of Ps. 2.3
billion (two point three billion pesos 00/100 M.N.), interest will
be payable every 28 days at a variable rate of TIIE-28 plus 44
basis points. The maturity of these bond certificates will be 5
years, and the principal payment will be made upon maturity, on
November 3, 2022.
Proceeds from the issuance will be allocated to finance the
investments set forth in the Company’s Master Development Program
for the remainder of 2017, 2018 and 2019. This issuance was
oversubscribed by over 2.0 times.
With this issuance, the Company reaches a total amount of Ps.
9.0 billion long-term bond certificates, issued on the Mexican
capital markets and concludes the 5-year program authorized by the
Mexican Banking and Securities Commission (Comisión Nacional
Bancaria y de Valores).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
“GAP 17-2” long-term bond certificates issued on the Mexican
markets (the “GAP 17-2 Bond Certificates”), in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. The GAP 17-2 Bond Certificates have not been, and
will not be, registered under the Securities Act of 1933, as
amended (the "Securities Act"), or under any U.S. state securities
laws. The GAP 17-2 Bond Certificates may not be offered or sold
within the United States or to U.S. persons absent registration or
an applicable exemption from registration under the Securities Act.
This press release is neither an offer to sell or a solicitation to
buy. This announcement shall not constitute an offer to sell or the
solicitation of an offer to buy the GAP 17-2 Bond Certificates, nor
shall there be any sale of these securities in any U.S. state in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state. Any public offering of securities to be made in the United
States will be made by means of a prospectus that may be obtained
from the issuer and that will contain detailed information about
the company and management, as well as financial statements.
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 Concesiones Aeroportuarias,
S.L., which owns a majority stake of MBJ Airports Limited, a
company operating the Sangster International Airport in Montego
Bay, Jamaica.
This press release may contain forward-looking statements. These
statements 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 conditions, 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 may involve criminal conduct or violations. The
telephone number in Mexico, facilitated by a third party that is in
charge of collecting these complaints, is 01-800-563-0047. The web
site is http://www.lineadedenuncia.com/gap. GAP’s Audit Committee
will be notified of all complaints for immediate investigation.
For more information please visit
www.aeropuertosgap.com.mx
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version on businesswire.com: http://www.businesswire.com/news/home/20171109006753/en/
In Mexico:Grupo Aeroportuario del Pacífico, S.A.B. de
C.V.Saúl Villarreal García, Chief Financial OfficerPaulina
Sánchez, Investor Relations OfficerTel: 52 (33) 38801100 ext
20151svillarreal@aeropuertosgap.com.mxpsanchez@aeropuertosgap.com.mxorIn
the U.S.:i-advize Corporate Communications Inc.Maria
BaronaTel: 212 406 3691gap@i-advize.com
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