Fibra Soma seals syndicated loan

Fibra Soma seals syndicated loan

Loans Debt Equity Capital Markets Mexico Spain Asset Management

Mexican real estate investment trust (REIT) Fibra Soma borrowed MXN4.25 billion ($200 million) in a syndicated loan from Santander and BBVA last month, days before it listed shares on the BIVA stock exchange. Santander was the agent bank and contributed MXN2.83 billion to the three-year term loan, while BBVA put in MXN1.42 billion, according to a term sheet obtained by LatinFinance. Fibra Soma took the money to make tax payments on a recent portfolio acquisition, pay off outstanding debt and cov

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