April 3, 2019 |
Fibra Macquarie has signed a new $500m debt package, split between a five-year, $425m unsecured credit facility and a 15-year, $75m secured loan, to refinance short term debt from real estate investments in Mexico.
The five-year facility is divided into a $180m term loan and a $245m revolving credit facility. The revolver, in turn, includes $180m in dollars and MXN1.26bn ($65.5m) in pesos, the Mexico City-based real estate investment trust said in a press release.
The term loan pays 250bp over L
Mexican REIT gets $500m in fresh funds to pay off a $258m loan that comes due in 2020