US EditionFIBRA Prologis Enhances Financial Flexibility with Expanded Credit Facility and New Term Loan
- On May 29, 2025, FIBRA Prologis, a prominent industrial real estate owner in Mexico, revealed updates to its unsecured sustainable credit line, including enhanced terms and expanded capacity, alongside the signing of a new term loan in Mexico City.
- The company has raised its unsecured sustainable credit facility from $400 million to $500 million, enhancing the terms and including a feature that permits increasing the limit up to $1 billion pending consent from the lenders.
- The renewed facility matures on May 29, 2028, offers two optional one-year extensions, features variable pricing tied to FIBRA Prologis's credit rating, and includes a US$300 million term loan to refinance short-term debt.
- Currently, pricing stands at 125 basis points over the benchmark, with a 25 basis point unused commitment fee—five points better than before—and the portfolio covers 507 properties totaling 87 million square feet as of March 31, 2025.
- FIBRA Prologis is focused on enhancing its financial stability and cash resources to back its strategy for sustained growth, with CFO Jorge Girault highlighting that the new financing demonstrates careful management and lenders’ confidence in the company’s prospects.
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40 Articles
Rutland Herald
FIBRA Prologis Enhances Financial Flexibility with Expanded Credit Facility and New Term Loan
MEXICO CITY, May 29, 2025 /PRNewswire/ -- FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the recast of its unsecured sustainable credit facility with improved terms and increased capacity and…
FIBRA Prologis Enhances Financial Flexibility with Expanded Credit Facility and New Term Loan - PressReach
MEXICO CITY, May 29, 2025 /PRNewswire/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A industrial real estate in Mexico, today announced the recast of its unsecured sustainable credit facility with improved terms and increased capacity and the execution of a new term loan that enhances its debt maturity profile. The recast credit line has increased from US$400 million to US$500 million, with an accordion feature that a…
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