Mexico Airport Group Gets Loan

Grupo Aeropotuario del Pacifico has received a 7-year MXP1.02bn ($88m) credit line at TIIE+165bp from HSBC, according to a stock exchange announcement. The fee for structuring the loan is 100bp and the cost for commitment of funds is 30bp in 2011 and 40bp in 2012. The loan will help finance capital investments in 2011 and 2012 for the Guadalajara, Puerto Vallarta, Los Cabos, Hermosillo and Guanajuato airports, which it operates.