MEXICO CITY, Sept. 1, 2022 /PRNewswire/ — Vesta Actual Property Company, S.A.B. of C.V. (“Vesta”) (BMV: VESTA), one of many main industrial actual property firms in Mexico, as we speak introduced a brand new US$200 million sustainability linked revolving credit score facility with numerous monetary establishments.
The dedicated three-year unsecured revolving credit score line has an rate of interest of SOFR +160 foundation factors and features a goal relating to the variety of Inexperienced Constructing Certifications related to the Firm’s Gross Leasable Space (“GLA”). This stays a vital KPI for Vesta’s long-term strategic priorities, additionally aligned to the Firm’s sustainability linked Public Bond which was issued in 2021.
“This new transaction represents a major milestone for our Firm as one other step to additional combine ESG into the core of our enterprise, aligned with our Degree three Strategic Plan, strengthening our Firm´s monetary place and offering Vesta with vital steadiness sheet flexibility,” mentioned Lorenzo Dominique Berho, CEO of Vesta.
About Vesta
Vesta is a best-in-class, absolutely built-in actual property firm that owns, manages, acquires, sells, develops and re-develops industrial properties in Mexico. As of June 30, 2022, Vesta owned 193 properties positioned in trendy industrial parks in 15 states of Mexico totaling a GLA of 32.1 million ft2 (2.98 million m2). The Firm has multinational shoppers, that are centered on industries corresponding to e-commerce/retail, aerospace, automotive, meals and beverage, logistics, medical gadgets, and plastics, amongst others. For extra info go to: www.vesta.com.mx
SOURCE Corporación Inmobiliaria Vesta, S.A.B. de C.V.
