Grupo Aeroportuario del Pacifico Announces Issuance of Bond Certificates in Mexico for Ps. 3.0 Billion

GUADALAJARA, Mexico, March 20, 2024 (GLOBE NEWSWIRE) -- 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 30 million long-term bond certificates in Mexico (Certificados Bursátiles) at a nominal value of Ps. 100 each (One hundred pesos 00/100), for a total value of Ps. 3.0 billion. The order book reached an over-subscription of 2.4x over the original issuance amount.

The proceeds from this issuance will be allocated to the payment of the bond certificates under the ticker symbol “GAP 19” issued on March 27, 2019, and maturing on March 22, 2024, for an amount of Ps. 3.0 billion.

The bond certificates were issued in accordance with the following terms:

• 13,848,683 bond certificates were issued under the ticker symbol “GAP24-L”, at a nominal value of Ps. 100 (one hundred pesos 00/100) each, for a total value of Ps.1,384,868,300 million (one billion three hundred eighty-four million eight hundred sixty-eight thousand three hundred pesos 00/100). Interest will be payable every 28 days at a variable rate of TIIE-28 plus 25 basis points. The principal will be due at maturity on March 17, 2027.
  
• 16,151,317 bond certificates were issued under the ticker symbol “GAP24-2L”, at a nominal value of Ps. 100 (one hundred pesos 00/100) each, for a total value of Ps. 1,615,131,700 (one billion six hundred fifteen million one hundred thirty-one thousand seven hundred pesos 00/100). Interest will be payable every 182 days at a fixed rate of 9.94%. The principal will be due at maturity on March 12, 2031.
  

In accordance with the Sustainability-Linked Bond Framework, GAP will annually publish, within its Annual Sustainability Report, an update on the Key Performance Indicator.

The Sustainability Performance Targets are:

• Reduction of 25% of absolute scope 1 and 2 greenhouse gas emissions by 2025 compared to 2019. In case the target is not met, for the “GAP24-L” 20 basis points will be added to the coupon starting from February 28, 2026, and until its expiration; while for the “GAP24-2L, 10 basis points will be added to the coupon starting from February 28, 2026, and until its expiration.
• 14 airports with ACA Level 3 certification and at least three of them with ACA Level 3+ certification by December 31^st, 2028. In case the target is not met, for the “GAP24-2L” 20 basis points will be added to the coupon starting from February 28, 2029, and until its expiration.

The issuance obtained the highest credit ratings in Mexico, "Aaa.mx" by Moody's and "mxAAA" by S&P, both on a national scale with a stable outlook. Additionally, the Company obtained a Second Party Opinion from S&P, per the industry’s best practices.

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 Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the operation of the Norman Manley International Airport in Kingston, Jamaica, and took control of the operation in October 2019.

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 June 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 00 47. The website is www.lineadedenuncia.com/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.