Grupo Aeroportuario del Pacífico placed MXN5.65 billion in notes

We are pleased to announce the successful placement of notes by Grupo Aeroportuario del Pacífico (GAP), rated mxAAA by Standard & Poor’s and Aaa.mx by Moody's, totaling MXN5.65 billion. The transaction was carried out through a single format, GAP 24, pegged to the TIIE 28-day rate plus 60 basis points, for a 5-year term. The proceeds will be used to meet the investments pledged under its Master Development Program.

BBVA participated as Joint Bookrunner in the issuance, which was met by total demand of  MXN 6 billion, a bid-to-cover ratio of 1.2 times, across a diversified base of investors, particularly mutual funds, Afores, brokerage firms, money markets and insurance companies, as well as private banks and independent advisors.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) is a private airport services operator that since 1998 has held a 50-year concession to operate twelve airports throughout the Pacific region of Mexico, including major cities--Guadalajara and Tijuana-- four tourist destinations--Puerto Vallarta, Los Cabos, La Paz and Manzanillo--and six other medium-sized cities--Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis.

The company has demonstrated a strong commitment to sustainability by integrating responsible practices into the operation of its airports. Among its main strengths are the reduction of carbon emissions, certified under the Airport Carbon Accreditation (ACA) program, and the renewable energy projects, such as solar panels installed at several airports, to reduce its energy footprint. It has also made progress in energy efficiency and the responsible use of resources, prioritizing waste reduction and recycling. It holds international certifications such as ISO 14001 for several of its airports. At the social level, the company is committed to the development of nearby communities and promotes inclusive and ethical practices, making it a sustainability leader in the airport industry.

We thank GAP for their trust and for choosing us as Joint Bookrunner in this successful placement and reiterate our commitment to the group to stand beside them in their growth plans as they contribute to the development of air transportation.