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Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) announced that it successfully completed the issuance in the Mexican market of 107.18 million long-term bond certificates (certificados bursátiles), for a total amount of Ps. 10,718.0 million.
The issuance was carried out through two tranches and reached an oversubscription of 1.74x over the announced amount.
The main characteristics of the transaction are as follows:
Both issuances obtained the highest credit ratings on the national scale: “Aaa.mx” by Moody’s and “mxAAA” by S&P, with a stable outlook.
The proceeds from the issuance will be primarily used to finance the acquisition of the 25% stake in Cross Border Xpress (“CBX”), as well as to fund capital expenditures in line with the 2025–2029 Master Development Program.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
