Fibra Mty funds acquisitions with new loan

Fibra Mty funds acquisitions with new loan

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

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