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Pacific Airport Group Capital/Financing Update 2012

Aug 2, 2012

30499_ffr_2012-08-02_4654aed7-c4fe-4e06-aef2-daba609665bc.zip

Capital/Financing Update

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6-K 1 pag-6k_0802.htm Unassociated Document Licensed to: Cleary Document Created using EDGARizer 2020 5.4.1.0 Copyright 1995 - 2009 Thomson Reuters. All rights reserved.

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 August 2012

GRUPO AEROPORTUARIO DEL PAC Í FICO 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, M é xico
(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

(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 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 PACIFICO INFORMS REGARDING DETAILS OF CREDIT AGREEMENTS FOR SOME OF ITS AIRPORTS

Guadalajara, Jalisco, Mexico, August 2, 2012 - Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced that, in line with the Company’s debt strategy, effective August 1, 2012, GAP has established a line of credit for the Guadalajara, Los Cabos, Puerto Vallarta, Hermosillo and Guanajuato airports for a total of Ps. 242.7 million.

GAP selected BBVA BANCOMER as the institution for this line of credit .

This credit will be used to finance committed capital investments for 2012 pursuant to the Master Development Programs for each of the airports mentioned above. The line of credit will be used in 2012 by the airports as follows:

(amounts in millions of pesos)

AIRPORT AMOUNT
Guadalajara 89.46
Los Cabos 113.40
Puerto Vallarta 17.31
Hermosillo 6.56
Guanajuato 16.03
TOTAL 242.75

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

Interest Rate The 91-day Tasa de Interés Interbancaria de Equilibrio (TIIE) plus 120 basis points
Interest Payment Period Quarterly
Amortization of principal and Interest payments Twenty-eight (28) equal and consecutive quarterly payments, beginning three (3) months after each disbursement
For more information please visit www.aeropuertosgap.com.mx or contact:
In Mexico In the U.S.
Miguel Aliaga, Investor Relations Officer Maria Barona / Peter Majeski
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. i-advize Corporate Communications
Tel: 01152 (333) 8801100 Tel: 212 406 3690
maliaga@ aeropuertosgap .com.mx gap@i- advize .com

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

Maturity of each disbursement 7 years after each disbursement
Structuring Commission 15 basis points payable upon each disbursement
Guarantees Without actual guarantees other than cross guarantees between the airports mentioned above obtaining funding

It is worth mentioning that, at the close of 2Q12, the remaining balance for funding obtained from financial institutions for capital investments committed pursuant to the Master Development Programs for our airports that obtained funding during the 2007-2012 period was Ps. 1,954.44 million. The Company has made timely capital and interest payments on all of 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”.

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 Pac í fico, S.A.B. de C.V.
By: /s/ RODRIGO GUZMAN PERERA Rodrigo Guzman Perera Chief Financial Officer

Date: August 2, 2012