GUADALAJARA, Mexico--(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.
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