Grupo Aeroportuario Secures Extended Credit Refinance

Grupo Aeroportuario del Pacifico (PAC) has released an update.

Grupo Aeroportuario del Pacífico, a major airport operator in Mexico’s Pacific region, has successfully refinanced a $40 million credit facility with Citibanamex, extending the maturity by six months and setting the interest at a variable SOFR rate plus 25 basis points. The company manages 12 airports and has been publicly traded on both the New York and Mexican Stock Exchanges since 2006.

For further insights into PAC stock, check out TipRanks’ Stock Analysis page.