GAP Has $1.5 Billion Pesos from a Loan with Citibanamex for Investment

Grupo Aeroportuario del Pacífico (GAP) has secured a 1.5 billion pesos line of credit from Citibanamex to finance capital investments.
In September, GAP also raised 2.758 billion pesos through sustainability-linked bonds issued on the Bolsa Institucional de Valores (BIVA).

The loan proceeds will be used to finance capital expenditures. Photo: Grupo Aeroportuario del Pacífico.

12/13/2022

Grupo Aeroportuario del Pacífico (GAP), an airport operator in Mexico and Jamaica, has secured a 1.5 billion pesos line of credit from Citibanamex. The credit will be used to finance capital investments.

The loan has an 18-month term with monthly interest payments based on the 28-day Interbank Equilibrium Interest Rate (TIIE) plus 38 basis points, and the principal will be paid at maturity. This loan complements the 1.5 billion pesos credit facility obtained from Scotiabank Inverlat a few months ago, which will also be used for capital investments.

In September, GAP also issued sustainability-linked bonds, raising 2.758 billion pesos through the Bolsa Institucional de Valores (BIVA).

Read the full article (in Spanish).

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