GAP refinances US$95.5m loan backing Jamaica, Mexico airport operations
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GAP refinances US$95.5m loan backing Jamaica, Mexico airport operations
The Pacific Airport Group (GAP), the Mexican airport operator that manages two of Jamaica’s international airports, has refinanced a “US$95.5 million bank loan” that matured on March 19, rolling the debt into a new short-term facility with the same lender, BBVA México. “The new loan has a six-month term, with the option to extend for an additional six months, with interest payable monthly at a variable rate equivalent to Secured Overnight Financing Rate plus 40 basis points,” stated GAP in its filings.