6-K 1 pag6k_1205.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

For the month of December 2014

GRUPO AEROPORTUARIO DEL PACÍFICO S.A.B. DE C.V.
(PACIFIC AIRPORT GROUP)

(Translation of Registrant’s Name Into English)

México

(Jurisdiction of incorporation or organization)

Avenida Mariano Otero No. 1249-B
Torre Pacifico, Piso 6
Col. Rinconada del Bosque
44530 Guadalajara, Jalisco, México

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F x Form 40-F o

(Indicate by check mark whether the Registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

Yes o No x

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .)

 

GRUPO AEROPORTUARIO DEL PACÍFICO

INFORMS REGARDING DETAILS OF CREDIT AGREEMENT

Guadalajara, Jalisco, Mexico, December 5, 2014 - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced that, effective November 28, 2014, GAP has established a credit line with Scotiabank Inverlat, Sociedad Anonima, Institucion de Banca Multiple, for a total of Ps. 1,741.0 million.

The funds will be used to pre-pay prior bank loans entered into with other banking institutions. This will allow GAP to maintain a similar level of debt while obtaining debt under current credit market conditions.

The line of credit may be drawn-down in various disbursements, according to the Company’s needs.

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

Interest Rate	The 28-day Tasa de Interés Interbancaria de Equilibrio (TIIE) plus 57 basis points
Interest Payment Period	Monthly
Interest Payment	Monthly, based on each disbursement
Amortization of Principal	One payment at the end of the period, with the option of making prepayments with no penalty on the interest payment dates
Maturity of each disbursement	180 days after each disbursement
Initial Commission	0.08% upon signing the agreement
Guarantees	Without actual guarantees, designating solely as guarantors the   Bajio, Guadalajara, Puerto Vallarta, San José del Cabo and Tijuana airports

It is worth mentioning that, as of November 30, 2014, the Company has made all capital and interest payments on its current bank loans on a timely manner, as well as for its other obligations.

For more information please visit www.aeropuertosgap.com.mx or contact: 

In Mexico		In the U.S.
Raul Revuelta Musalem, Chief Financial Officer		Maria Barona
Miguel Aliaga, Institutional Relations Officer		Juan Carlos Gomez Stolk
Grupo Aeroportuario del Pacífico, S.A.B. de C.V.		i-advize Corporate Communications
Tel:01 (33) 38801100 ext 202		Tel: 212 406 3691 / 646 462 4517
maliaga@aeropuertosgap.com.mx		gap@i-advize.com

Follow us: http://twitter.com/aeropuertosGAP

grupoaeroportuariodelpacifico

 

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.

Press Release Page 2 of 2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Grupo Aeroportuario del Pacífico, S.A.B. de C.V.

By: /s/ RAUL REVUELTA
Raul Revuelta
Chief Financial Officer

Date: December 5, 2014