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”) informs that, effective June 6, 2011, the Company contracted an additional line of credit for the Guadalajara, Puerto Vallarta, Los Cabos, Hermosillo and Guanajuato airports, for a total of Ps. 551.37 million.

GAP has selected Banamex-Citi as the financial institution for this line of credit. Banamex-Citi has authorized a line of credit for up to Ps. 551.37 million, demonstrating the confidence that global financial institutions such as Banamex-Citi have in the Company’s management.

The line of credit will be used to finance capital investments previously committed pursuant to the Master Development Programs of the previously mentioned airports for the years 2011 and 2012.

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

Interest Rate

The 91-day Tasa de Interés Interbancaria de Equilibrio (“TIIE” or “Interbank interest rate”) plus 135 basis points for 2011 disbursements and plus 143 basis points for 2012 disbursements.

Interest Payment Period
Quarterly

Amortization of principal and Interest payments
Twenty-eight (28) equal and consecutive quarterly payments, beginning three (3) months after the date of each disbursement.

Maturity of each Disbursement
7 years after each disbursement

Structuring Commission
75 basis points on the total amount of the contracted loan

Cost for Commitment of Funds
25 basis points during 2011 and 2012, to be paid quarterly on the payment date for capital and interest

Guarantees
Without guarantees other than cross guarantees between the accredited airports.

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 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”.