Grupo Aeroportuario del Pacífico Refinances $95.5 Million Loan with Scotiabank
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Loan Refinancing: Grupo Aeroportuario del Pacífico successfully refinanced a $95.5 million bank loan with The Bank of Nova Scotia, establishing a new 12-month financing agreement that reflects the company's flexibility and stability in managing its financial obligations.
- Interest Payment Structure: The new loan will incur monthly interest payments with no additional fees, which will aid the company in optimizing cash flow management and reducing financial costs, thereby enhancing its competitive edge in airport operations.
- Strategic Development Context: Operating 12 airports in Mexico's Pacific region, including major cities like Guadalajara and Tijuana, this refinancing will support the company's ongoing expansion and service quality improvements, further solidifying its market position.
- Future Outlook: With a maturity date of January 19, 2027, and an option for early repayment, this loan structure provides the company with flexible financial strategies, allowing it to adjust capital usage based on market conditions and enhancing its ability to navigate future uncertainties.
Analyst Views on PAC
Wall Street analysts forecast PAC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAC is 260.00 USD with a low forecast of 260.00 USD and a high forecast of 260.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 264.170
Low
260.00
Averages
260.00
High
260.00
Current: 264.170
Low
260.00
Averages
260.00
High
260.00
About PAC
Grupo Aeroportuario del Pacifico SAB de CV is a holding company. The Company holds concessions to operate, maintain and develop approximately 10 international airports in the Pacific and Central regions of Mexico, and an international airport in Jamaica. The Company's segments include Guadalajara, Tijuana, Puerto Vallarta, San Jose del Cabo, Montego Bay, Hermosillo, Bajio, Other Airports and Others Companies. The Other Companies segment includes Servicios a la Infraestructura Aeroportuaria del Pacifico, S.A. de C.V. (SIAP), a company that provides technical assistance and professional services; Corporativo de Servicios Aeroportuarios, S.A. de C.V. (CORSA), a company that provides operative services specialized in aeronautical industry; Puerta Cero Parking, S.A. de C.V. (PCP), a company that manages the parking lot operation; Fundacion Grupo Aeroportuario del Pacifico, A.C., and Desarrollo de Concesiones Aeroportuarias, S.L. (DCA), as well as the Company's own operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
