June 26, 2019 |
Mexico's Vesta said it has secured $290m in funding with $125m from a revolving credit line, $85m from a private placement and $80m from a syndicated loan.
The Mexico City-based real estate company split the private placement into a 10-year, $70m tranche at a fixed rate of 5.18% and a 12-year, $15m tranche at 5.28%, Vesta said in a statement. "The notes were placed with a consortium of leading institutional investors," Vesta added without naming the buyers.
The five-year syndicated loan, meanwhi
Mexican real estate company gets $290m from two loans and a private placement