GAP refinances $95.5 million bank debt with 12-month term

Grupo Aeroportuario del Pacífico (NYSE: PAC; BMV: GAP) refinanced a $95.5 million bank loan that matured January 20 with a new financing agreement from The Bank of Nova Scotia.

The Mexican airport operator replaced its previous loan from Scotiabank Inverlat with a twelve-month term facility that matures January 19, 2027. The new loan carries a variable interest rate of 1-month SOFR plus 50 basis points, with monthly interest payments and no additional fees. The agreement includes an early repayment option.

GAP operates 12 airports throughout Mexico's Pacific region, including facilities in Guadalajara, Tijuana, Puerto Vallarta, Los Cabos, La Paz, Manzanillo, Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. The company also operates airports in Jamaica through its subsidiaries.

The information was disclosed in a company press release statement.

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