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Stock impact report

Vesta Announces Closing of US$545 Million Global Syndicated Sustainable Credit Facility Including US$200 Million Revolving Credit Facility

Corporacion Inmobiliaria Vesta, S.A.B de C.V. (VTMX) 
Company Research Source: Business Wire
MEXICO CITY--(BUSINESS WIRE)--Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (BMV: Vesta; NYSE: VTMX), a leading industrial real estate company in Mexico, announced today that is has closed the previously announced US $545 million Global Syndicated Sustainable Credit Facility (the "Facility") comprised of a US $345 million term loan available through two tranches, for three and five years, with an 18-month availability period and a US $200 million Revolving Credit Facility, substituting the Company’s prior US $200 million in-place un-drawn Revolving Credit Facility. The International Finance Corporation (IFC), BBVA, Citigroup, and Santander acted as Joint Lead Arrangers of the transaction.Juan Sottil, Vesta’s Chief Financial Officer, commented, “We’re pleased to have completed this new financing. It provides us with continued access to strategic liquidity reserves, at a competitive cost, as we remain focused on executing our short- and long-term initiatives aligned with Show less Read more
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