Home / Daily Briefs / 2023 / 24 / Fibra Mty funds acquisitions with new loan

Fibra Mty funds acquisitions with new loan

Fibra Mty funds acquisitions with new loan

March 24, 2023 | Rodrigo Alonso Cruz
Mexican REIT signs a $300 mln syndicated loan led by Banorte

Debt Loans M&A Mexico Capital Markets Project & Infrastructure Finance

Mexican real estate investment trust (REIT) Fibra Mty said it signed a $300 million syndicated loan led by Banorte to fund acquisitions in the northern part of the country. The financing is split between a five-year term loan for $220 million and a three-year revolving credit facility for $80 million, Fibra Mty said in a securities filing on Wednesday. The term loan and revolver can both be extended by up to one year, it added.  Earlier this month, the Monterrey-based REIT raised MXN3.62 billion

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial