Dépêches

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Informs Regarding Details of Credit Agreements for Some of Its Airports

Dépèche transmise le 31 mai 2011 par Business Wire

Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Informs Regarding Details of Credit Agreements for Some of Its Airports

GUADALAJARA, Mexico--(BUSINESS WIRE)--Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informed that, effective May 26, 2011, the Company has contracted an additional line of credit for the Guadalajara, Puerto Vallarta, Los Cabos, Hermosillo and Guanajuato airports, for a total of Ps. 1,023.98 million.

GAP has selected HSBC as the financial institution for this line of credit. HSBC has authorized a line of credit for up to Ps. 1,575.36 million, demonstrating the confidence that global financial institutions such as HSBC have in the Company’s management.

The funds corresponding to the abovementioned Ps. 1,023.98 million will be used to finance capital investments previously committed pursuant to the Master Development Programs of these airports for the years 2011 and 2012. The line of credit will be used by the airports in the years and amounts as follows:

The most important terms of the credit contracts are the following:

It is worth mentioning that, at the close of 1Q11, the remaining balance for funding obtained from financial institutions for capital investments committed pursuant to the Master Development Programs for the abovementioned airports for the 2007-2010 period was approximately Ps. 1,242.67 million. The Company has made timely capital and interest payments for these loans as well as for the Company’s other committed obligations.

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”.

This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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 may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is http://www.lineadenuncia.org/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.