Concept Of ‘CO-‘ Inspires Lexus Design Award 2018 – Now Open For Entries

July 24, 2017

NEW YORK, July 24, 2017 /PRNewswire-HISPANIC PR WIRE/ — Continuing its commitment to a better world through design, Lexus International announced today its call for entries for the Lexus Design Award 2018. Launched in 2013, the award is an international platform to identify and recognize the next generation of global creators and designers. Every year, thousands of young creative talent from around the world aspire to be selected for the final round. Those twelve finalists and their works will be introduced to the design community and beyond at Milan Design Week 2018*, four of which will be mentored by established global designers and given a production budget of three million JPY (over $25K USD) to create actual prototypes.

In addition to the unique mentorship opportunity and global exposure, young designers are drawn to the Lexus Design Award by the inspiring theme that provides endless possibilities from a design perspective. This year’s creative theme for the Lexus Design Award 2018 is “CO-,” a Latin prefix meaning with or together in harmony. Lexus believes that great design can ensure the harmonious coexistence of nature and society. In that sense, “CO-” is an approach that allows the brand to explore its true potential and that of the environment by creating new possibilities through collaboration, coordination and connection. Now, young designers get their turn for “CO-” to inspire them to conceive a better world.

The Judges who assess the designs are globally recognized illustrious creators active in diverse design genres. Additionally, mentorship is provided by esteemed designers who share their know-how and provide hands-on support. They guide the selected candidates to express their full potential through the development of working prototypes of their innovative ideas.

The Judges and Mentors for the Lexus Design Award 2018 will be announced in August. As in previous years, Lexus will be partnering with a select group of renowned professionals who embody design excellence at the front lines of creativity around the world and who share the brand’s belief that great design can make the world a better place.

During Milan Design Week*, all the finalists’ works will be displayed at the Lexus experiential space. Judges will then assess the four prototypes to choose the Grand Prix winner for 2018. Previous winners have gone on to enjoy success and further develop their ideas into viable products.

Entries to the Lexus Design Award 2018 competition will be accepted from July 24 through October 08. For more information on the application process, please visit LexusDesignAward.com. The twelve finalists will be announced in early 2018.

* The world’s largest design exhibition, also known as Salone Del Mobile, presents events and exhibits by brands and designers in many categories including furniture, fashion and textiles.

Call for Entries to the Lexus Design Award 2018 Competition

Title	Lexus Design Award 2018
Application period	July 24 – October 8, 2017
Theme	“CO-“
Judging criteria	• True to the essence of “CO-” with uniqueness in its interpretation. • Consistent with the Lexus Design goal of making the world a better place.
Judges	To be announced in August
Mentors	To be announced in August
Award categories	Lexus Design Award 2018 – Twelve finalists • One Grand Prix winner (selected from the four prototype winners) • Four prototype winners (selected from the twelve finalists) • Eight panel finalists
Prizes/benefits	• Twelve finalists will be invited to Milan Design Week 2018. * • Four winners among the twelve finalists will receive up to three million yen each to cover prototype production costs. The four winners will create prototypes between January and March 2018, through sessions with their assigned mentors. • The four prototypes and eight panels will be exhibited at a Lexus exhibition space during Milan Design Week 2018. • Each of the twelve finalists will be asked to give a presentation at Milan Design Week 2018, after which a single Grand Prix winner will be named from among the four prototypes through final review by the judges. *Note: Only one person per entry will be invited, regardless of whether the winning works are submitted by an individual or a group.
Organizer	Lexus International
In cooperation with	designboom
Application Process	For more information, visit LexusDesignAward.com

ABOUT LEXUS DESIGN AWARD
First launched in 2013, the Lexus Design Award is an international design competition that targets up-and-coming creators from around the world. The award seeks to foster the growth of ideas that contribute to society by supporting designers and creators whose works can help to shape a better future. It provides a unique opportunity for four finalists to work with globally recognized designer as a mentor to create prototypes of their designs, and then exhibit them at one of the design calendar’s most important events.

ABOUT LEXUS
Since its debut in 1989, Lexus has earned a worldwide reputation for high-quality products and exemplary customer service. Lexus is the hybrid leader among luxury brands, offering hybrids that provide the best in innovative technology and premier luxury. The evolution of Lexus is reflected in the progressive designs of its new vehicles. The signature spindle grille, dynamic light treatments and sculptured lines create a distinctive look of luxury for Lexus.

Media Contact:
Prue Hyman
Senior Analyst, East Coast Lexus Communications
212.510.4812
[email protected]

Logo – http://mma.prnewswire.com/media/454962/Lexus_Logo.jpg

SOURCE Lexus International

Bud Light, the beer that was born in Los Angeles, celebrates its 35th summer with community events, live music, soccer tournaments and the sponsorship of “The Year of Mexico” in Los Angeles

July 24, 2017

LOS ANGELES, July 24, 2017 /PRNewswire-HISPANIC PR WIRE/ — Bud Light “Hecho en Los Angeles” is a grassroots campaign highlighting Bud Light’s commitment to supporting the community where it’s been locally brewed for the past 35 years. The brand is creating experiences that will strengthen and build friendships in the Los Angeles Mexican community this summer – as well as highlighting the passionate employees who proudly brew fresh Bud Light every day.

“Bud Light has been part of the fabric of Los Angeles for more than three decades, brewing Bud Light with unparalleled quality and freshness,” said Jorge Inda Meza, Marketing Director for Anheuser-Busch West region. “We also want to celebrate the positive impact of Bud Light’s efforts within the local community by creating meaningful experiences that make people proud of their heritage.”

The “Hecho en Los Angeles” campaign will come to life this summer during relevant moments in the Hispanic community where Bud Light will be present, including the COPA Bud Light 6v6 soccer tournaments, official beer sponsor of “The Year of Mexico in Los Angeles” a year-round series of 100 events and initiatives celebrating Mexican culture. The campaign will also include billboards, digital content, and retail activations along with additional surprises to be revealed throughout the summer.

“The year of Mexico in Los Angeles is a celebration of the strong bonds that unites both parts. A relationship of great likeness and profound friendship,” said Los Angeles Consul General Carlos Garcia De Alba. “This city has the greatest number of Mexicans living outside of Mexico, and thanks to their work, their talent, culture and craft, they can proudly say they are “Hecho en Los Angeles“.

This summer Bud Light is taking friendly competition to the next level hosting a series of COPA Bud Light 6v6 soccer tournament events throughout the region. Celebrating the community and bringing people together to enjoy a day of fun, food, and fresh beer. Enjoy live music at the events with special performances at select events featuring Lupillo Rivera, Jesus Mendoza and more!

Events are happening throughout California, Arizona, and Nevada. The winning team of each tournament will receive $1000. Visit to CopaBudLight.com for more information and the full schedule of events.

For more information about Bud Light “Hecho en Los Angeles” please contact [email protected]. Watch the digital content spots on Youtube and join the conversation at and follow @BudLight on Twitter, Instagram and Facebook.

About Bud Light

Introduced in 1982, Bud Light is a premium light lager with a superior drinkability that has made it the best-selling and most popular beer in the United States. Bud Light is brewed using a blend of premium aroma hop varieties, both American-grown and imported, and a combination of barley malts and rice. The light-bodied beer features a fresh, clean and subtle hop aroma, delicate malt sweetness and a crisp finish that delivers the ultimate refreshment. For more information, visit www.BudLight.com.

CONTACT: Kate Chernick, 1-212-445-8343, [email protected]

Logo – https://mma.prnewswire.com/media/468948/Bud_Light_Logo.jpg

SOURCE Bud Light

Youth for Justice Summer Academy Begins Monday July 24th At Alcohol Justice In San Rafael’s Canal Neighborhood

July 21, 2017

SAN RAFAEL, California, July 21, 2017 /PRNewswire-HISPANIC PR WIRE/ — The 4^thannual Youth for Justice Summer Academy, funded by Alcohol Justice, and the Marin County Juvenile Probation Department, will meet for two weeks beginning Monday, July 24^th, concluding Friday, August 4^th, at the offices of Alcohol Justice, 24 Belvedere St., San Rafael.

“We expect to have 20-25 participants mostly from the Canal neighborhood, ages 10-20 years-old,” said Maite Durán, Community Organizer at Alcohol Justice and Youth for Justice Leader. “From our lens of alcohol and marijuana prevention, we’ll be exploring community organizing principles while connecting with nature in beautiful Marin places such as Stinson Beach and Muir Woods. We will be guided by park rangers and learn about the indigenous wisdom of plants, food and nature as medicine, and enjoy our closeness and coming together as community through cooking and sharing tasty meals.”

The academy enjoys continuing support from the County of Marin Juvenile Probation Division whose Director, Kevin Lynch stated, “We’re interested in investing in prevention efforts that lead to safe and healthy communities for the youth of Marin. We recognize that youth who are engaged in these activities are far less likely to become involved with the juvenile justice system.”

“We are helping a new generation of young people from the Canal become the future leaders of Marin, added Durán. “We want to give these young people the whole picture, not just that ‘alcohol and drugs are bad’. We want them to take away that truly successful leaders are people who take care of themselves, are healthy and strong, physically, mentally and spiritually, and that alcohol or other drugs do not play a role in the lives of young leaders.”

For more information about Youth for Justice, contact Maite Durán at 415 257-2488.

CONTACT: Maite Durán 415 717-1099
Michael Scippa 415 548-0492

Logo: http://mma.prnewswire.com/media/147418/alcohol_justice_logo.jpg

SOURCE Alcohol Justice

Cricket Wireless Launches Hot Summer Deals: 2 Lines With Unlimited High-Speed Data for $80 and Cool New Smartphones

July 21, 2017

ATLANTA, July 20, 2017 /PRNewswire-HISPANIC PR WIRE/ — With summer heat comes red hot deals from Cricket Wireless – a new rate plan, new smartphones, a 2-for-1 offer, and both FREE and discounted phones.

New Promotional Multiline Unlimited Plan
Because everything is better in pairs, starting today for a limited time, new and existing customers can get 2 lines of unlimited high-speed data access for just $80/month¹.

New Smartphones at a Great Price

The Alcatel PULSEMIX: This smartphone puts the fun in function! With its large 5.2″ HD screen, all-black design and exclusive SNAPBAK covers (sold separately) that bring added power, light, sound and life to your phone, it’s perfect for work and play. At $79.99 with activation of a smartphone plan, it makes a great phone for back-to-school. Bring your number to Cricket, and it’s yours for only $29.99².

Plus, get 2 of the exclusive SNAPBAK covers for the price of 1²! For a truly unique experience – Snap. Mix. Match.

The LG X charge™: Stay connected all day without low-battery anxiety with its massive 4,500 mAh battery. You get up to 2 full days of battery power⁴. It also has fast charging with Qualcomm® Quick Charge™ 2.0.⁵ With a large 5.5″ HD display, signature LG convenience features like Knock On, Knock Code, Capture+ and Quick Memo +, and expandable memory of up to 2TB, this smartphone is ideal for value seekers looking for premium features without compromise.

The LG X charge will be available at Cricket Wireless for $129.99, with activation of a smartphone plan, for new and existing customers starting tomorrow. Bringing your number to Cricket? You can snag 1 (or 2), for just $99.99¹ each.

Free and Discounted Deals on the Hottest Smartphones

Phone	Price²
ZTE Sonata 3	FREE for customers bringing their number to Cricket. ($29.99 for upgraders and new lines of service.)
LG Fortune	FREE for customers bringing their number to Cricket. ($39.99 for upgraders and new lines of service.)
Samsung Galaxy Amp 2	FREE for customers bringing their number to Cricket. ($49.99 for upgraders and new lines of service.)
Alcatel PULSEMIX	$29.99 for customers bringing their number to Cricket. ($79.99 for upgraders and new lines of service.)
LG Harmony	$49.99 for customers bringing their number to Cricket. ($99.99 for upgraders and new lines of service.)
LG X charge	$99.99 for customers bringing their number to Cricket. ($129.99 for upgraders and new lines of service.)
ZTE Blade X Max	$99.99 for customers bringing their number to Cricket. ($129.99 for upgraders and new lines of service.)
LG Stylo 3	$129.99 for customers bringing their number to Cricket. ($149.99 for upgraders and new lines of service.)

For more on Cricket’s monthly rate plans, special pricing and product lineup, go to CricketWireless.com or visit a Cricket-branded store near you.

About Cricket Wireless
Cricket is bringing consumers more value with a simple, friendly, and reliable nationwide wireless experience with no annual contract. The power of Cricket is our nationwide 4G LTE network that covers more than 319 million people;^* easy and affordable plans prices that include monthly taxes; and a great selection of phones customers love. Cricket, Something to Smile About. To check out the new Cricket or find a store near you, visit cricketwireless.com. Learn more on the Cricket newsroom and blog. And connect with us on Facebook and Twitter.

Cricket is a subsidiary of AT&T Inc. Coverage not available everywhere. © 2017 Cricket Wireless LLC. All rights reserved. Cricket and the Cricket logo are trademarks under license to Cricket Wireless LLC.

^*Based on overall coverage in U.S. Download speeds max of 8Mbps (LTE)/4Mbps (4G). Compatible device required. 4G LTE coverage is not equivalent to overall network coverage

¹ Req’s 2 Cricket Unlimited 2 lines. Data speed limited to max 3Mbps; video streaming max of 1.5 Mbps. After 22GB of data usage, Cricket may slow speeds.
²Req’s port-in & new svc activ. (activation fee up to $25) on qualifying monthly plan (min. $30) w/ first plan payment & tax due at sale; other fees & restr’s also apply. Excludes AT&T ports, basic phones & upgrades. Credit is forfeited if acct cancelled. $9.99 SIM Card Kit & unlocked, compatible smartphone req’d if bringing your device. Other restr’s also apply.
³ Ends 11/2/17, while supplies last. Taxes apply.
⁴All battery usage claims are approximated and based on a standard mixed-use profile that includes both usage and standby time and is based on LG devices connected to a nationwide 4G LTE network. Actual battery performance will vary and depend on many factors including, but not limited to app usage patterns, signal strength, and device settings.
⁵Charging time comparison based on a conventional 1.2 amp charger. Qualcomm Quick Charge 2.0 technology requires compatible charger.

Logo – https://mma.prnewswire.com/media/451663/Cricket_Wireless_Logo.jpg

SOURCE Cricket Wireless

(Español) ¿Quiere aprender inglés? Descubra estos recursos gratuitos del Gobierno

July 21, 2017

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Spanish Broadcasting System to Air Romeo Santos’ full album across broadcast radio stations in the U.S. Friday July 21

July 21, 2017

MIAMI, July 21, 2017 /PRNewswire-HISPANIC PR WIRE/ — Spanish Broadcasting System, Inc. (SBS) has teamed up with Romeo Santos to world premiere a one-of-a-kind, historic radio launch of Romeo’s album, Golden. Beginning today at 12:00 a.m. ET July 21, SBS will play the full album across its terrestrial radio stations, with an All-Day Album Roadblock, to millions of listeners nationwide on SBS’s top rated Tropical and Urban stations with a record- breaking total audience spins. The album will continue to play across SBS’s Urban and Tropical formats until 12:01 a.m. ET July 22, featuring never-before-heard audio from Romeo Santos discussing the album as a guest DJ.

Who: Romeo Santos

What: New Album, Golden, Full Album Roadblock on SBS Radio Stations

When: 12:00 a.m. ET Friday, July 21

Where: Fans can listen to the new Romeo Santos album on SBS radio stations in the U.S. and Puerto Rico.

U.S. radio listeners can tune in to one of SBS’s radio stations: WSKQ-FM MEGA 97.9FM IN NEW YORK, WPAT-FM Amor 93.1FM, WXDJ-FM EL NUEVO ZOL 106.7FM IN MIAMI, KXOL- FM MEGA96.3FM IN LOS ANGELES AND ESTEREOTEMPO 96.5FM WRXD / WIOB 97.5FM in Puerto Rico for a chance to hear the historic Album Roadblock.

The following SBS Radio stations will participate in the premiere of “Golden” every hour:

SBS New York: Mega 97.9FM and 93.1FM Amor

SBS Los Angeles: Mega 96.3FM

SBS Miami: El Zol 106.7FM

SBS Puerto Rico: Estereotempo 96.5FM WRXD / WIOB 97.5FM

“Romeo Santos fans couldn’t be more excited about the release of ‘Golden,’ and we’re incredibly thrilled that LaMusica’s App partnership gives our subscribers early access to this long-awaited album,” said Raul Alarcon, Chairman, President, CEO of SBS. “Together, SBS and LaMusica App are connecting people who are passionate about music with the world’s most iconic artists through unique experiences like this – and there are many more to come.”

“We have a long history of partnering with Romeo Santos in innovative ways over the years, and he was one of the artists to join our first-ever top concerts,” said Jesus Salas EVP of Programming of SBS & Multiplatform Coordinator. “He’s once again proved that he’s a true innovator, and we are honored to partner with him on the historic launch of his new album in over three years. Our nationwide world premiere of Golden will reach millions of Romeo’s fans across the country – while creating millions of new ones.”

About Spanish Broadcasting System, Inc.

Spanish Broadcasting System, Inc. is a leading Hispanic media company that owns and operates 17 radio stations located in the top U.S. Hispanic markets of New York, Los Angeles, Miami, Chicago, San Francisco and Puerto Rico, airing the Spanish Tropical, Regional Mexican, Spanish Adult Contemporary, Top 40 and Latin Rhythmic format genres. SBS also operates AIRE Radio Networks, a national radio platform which creates, distributes and markets leading Spanish-language radio programming to over 250 affiliated stations reaching 93% of the U.S. Hispanic audience. SBS also owns MegaTV, a television operation with over-the-air, cable and satellite distribution and affiliates throughout the U.S. and Puerto Rico. SBS also produces live concerts and events and owns multiple bilingual websites, as well as LaMusica, a mobile app providing content related to Latin music, entertainment, news and culture. For more information, visit us online at www.spanishbroadcasting.com.

About Roc Nation

Since its founding in 2008, Roc Nation has grown into the world’s preeminent entertainment company. We work in every aspect of modern entertainment—with recording artists and producers, songwriters and athletes. Our client list includes some of the world’s most recognizable names: from Rihanna, Shakira, J. Cole, and Big Sean to Yoeniz Cespedes, Kevin Durant, Dez Bryant, and Robinson Cano. We are a full service organization, supporting our diverse roster of talent via artist management, music publishing, touring, production, strategic brand development and beyond. We’ve forged strong partnerships with the world’s leading experts in artist management, technology, fashion, and philanthropy, and are redefining the business of entertainment.

Media & Press Contact SBS:

Vladimir Gomez

[email protected]

(786) 470-1644

For Romeo Santos:

Nanette Lamboy

[email protected]

For Roc Nation:

Jan Fleishman

[email protected]

Photo – http://mma.prnewswire.com/media/538015/ROMEO_SANTOS_SBS_TAKEOVER_ENG.jpg

SOURCE Spanish Broadcasting System, Inc. (SBS)

Mary Kay Launches Beauty Industry First As Thousands Convene For U.S. Seminar

July 21, 2017

DALLAS, July 21, 2017 /PRNewswire-HISPANIC PR WIRE/ — With a global portfolio of more than 1,300 patents for products, technologies and packaging designs, innovation leader Mary Kay announces a beauty industry first at the company’s annual U.S. Seminar. As nearly 30,000 Mary Kay Independent Beauty Consultants convene in Dallas, the global cosmetics powerhouse introduces a breakthrough in beauty technology, TimeWise® Vitamin C Activating Squares™.

Photo – http://mma.prnewswire.com/media/537927/Mary_Kay_Seminar_2017.jpg

Since the iconic beauty company was founded in 1963, Mary Kay Inc. has fostered a culture of creativity and innovation and invests millions of dollars in research and development. The company conducts hundreds of thousands of tests each year to ensure Mary Kay® products meet the highest standards of safety and performance.

“Mary Kay is on the front lines of innovation and we’re excited to announce a beauty industry first in the form of our TimeWise® Vitamin C Activating Squares™ at our annual U.S. Seminar,” said Dr. Lucy Gildea, Chief Scientific Officer for Mary Kay Inc. “Pure vitamin C degrades and loses its power over time when exposed to air, light or water, but with the new Mary Kay® dissolvable vitamin C square, a serum is enhanced and boosted with a fresh, pure and potent vitamin C elixir. It’s a revolutionary skin care innovation in the palm of your hand.”

To date, more than 1,300 Mary Kay patents have been granted and in 2016 another 130 patents were awarded. The milestones validate Mary Kay’s status as one of the top innovators in the direct selling and cosmetic industries. Mary Kay Independent Beauty Consultants will get their first look at the newly launched innovations at the company’s annual U.S. Seminar held July 20 through Aug. 4 at the Kay Bailey Hutchison Convention Center Dallas. The convention, comprised of four back-to-back conferences, is one of the largest annual events in North Texas based on attendance, economic impact and hotel room nights.

“We love summers in Dallas because we get to welcome thousands of Mary Kay Independent Beauty Consultants from every corner of the country, as well as those traffic-stopping Mary Kay pink Cadillacs, who return to our hometown of Dallas for the company’s annual Seminar,” said Nathan Moore, President of Mary Kay’s North America Region. “As we celebrate the success of our Mary Kay entrepreneurs through recognition, education, inspiration and motivation for the year ahead, the event gives a generous boost to our local economy.”

The Dallas Convention and Visitors Bureau estimates Seminar 2017 will pump $48 million into the North Texas economy and supports 4,665 jobs in the Dallas area. The Kay Bailey Hutchison Convention Center has hosted nearly 1.2 million attendees for Mary Kay’s Seminar since 1974. During this year’s event, approximately $5 million in recognition prizes will be awarded including the coveted Mary Kay pink Cadillac.

For more information about Mary Kay’s company timeline, positive community impact, rewarding opportunity and irresistible products, click here.

About Mary Kay
At Mary Kay, success lies in our dedication to irresistible products, a rewarding opportunity and positive community impact. For more than 53 years, Mary Kay has inspired women to achieve their entrepreneurial goals in nearly 40 countries. As a multibillion-dollar company, we offer the latest in cutting-edge skin care, bold color cosmetics and fragrances. Discover more reasons to love Mary Kay at marykay.com.

Mary Kay Inc. Corporate Communications
marykay.com/newsroom
972.687.5332 or [email protected]

Logo – http://mma.prnewswire.com/media/169837/mary_kay___logo.jpg

SOURCE Mary Kay

(Español) El Kia Forte 2017 obtiene clasificacion de Top Safety Pick Plus en seguridad superior por parte del Insurance Institute for Highway Safety

July 21, 2017

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(Español) La escritora y motivadora Mabel Katz, autora de 4 libros que han sido traducidos a 20 idiomas, regresa a Los Ángeles tras una exitosa gira por Sudamérica

July 21, 2017

Sorry, this entry is only available in Español.

FIBRA Prologis Announces Second Quarter 2017 Earnings Results

July 20, 2017

MEXICO CITY, July 20, 2017 /PRNewswire-HISPANIC PR WIRE/ — FIBRA Prologis (BMV:FIBRAPL 14), a leading owner and operator of Class-A logistics real estate in Mexico, today reported results for the second quarter of 2017.

HIGHLIGHTS FROM THE QUARTER:

Net effective rent change on rollover increased 9.7 percent
Period-end occupancy remained elevated at 97.3 percent
Cash Same Store NOI growth was 3.6 percent

Funds from operations (FFO) per CBFI was Ps. 0.5800 (US$0.0303) for the second quarter compared with Ps. 0.6919 (US$ 0.0404) for the same period in 2016. FFO this quarter includes an incentive fee paid to FIBRA Prologis’ sponsor of Ps. 0.2192 (US$0.0117) per CBFI. Excluding the incentive fee, FFO per CBFI was Ps. 0.7992 (US$0.0420).

Net earnings per CBFI in the second quarter was Ps. 0.6729 (US$0.0352) compared with earnings of Ps. 0.5999 (US$0.0353) for the same period in 2016.

“Our performance in the first half of the year was excellent as evidenced by healthy leasing volume and near double-digit rent increases,” said Luis Gutierrez, CEO, Prologis Property Mexico. “Demand for modern logistics space remains strong pushing vacancies to record low levels. As e-commerce and 3PLs grow, we expect demand to intensify. Our strategy of owning high-quality, logistics facilities in the best markets has never been more important.”

OPERATING PERFORMANCE

Operating Portfolio	2Q17	2Q16	Notes
Period End Occupancy	97.3%	96.4%	Second consecutive quarter with occupancy above 97%
Leases Signed	1.5MSF	2.1MSF	Renewals accounted for 95% of leasing volume
Customer Retention	89.1%	87.0%
Net Effective Rent Change	9.7%	11.8%	Led by regional markets at 17.7%
Cash Same Store NOI	3.6%	1.1%
Same Store NOI	1.7%	-0.9%

FINANCIAL POSITION

As of June 30, 2017, FIBRA Prologis’ liquidity was Ps. 2.8 billion (US$155.5 million), which included Ps. 2.6 billion (US$145.0 million) of available capacity on its unsecured credit facility and Ps. 188.8 million (US$10.5 million) of unrestricted cash.

During the quarter, FIBRA Prologis fully repaid two secured debt facilities totaling US$176.6 million, both scheduled to mature this year. US$64.1 million with a debt cost of 7.9 percent and US$112.5 million with a debt cost of 6.9 percent were repaid with borrowings under the unsecured credit facility at par, decreasing the overall cost of debt by approximately 90 basis points from 4.9 to 4.0 percent quarter-over-quarter.

Subsequent to quarter end, FIBRA Prologis completed two transactions with a syndicate of domestic and international banks for a US$150.0 million unsecured term loan and a new US$325.0 million unsecured credit facility with a US$150.0 million accordion feature, that can be drawn from either product. Both financings have options which extend maturity to 2022. The debt cost of the term loan and new credit facility are approximately 3.3 percent and 3.4 percent, respectively. Proceeds were used to repay the former unsecured credit facility, which was scheduled to mature in 2019.

“With the recent signing of the new unsecured term loan and credit facility, our 2017 refinancing strategy is nearly complete,” said Jorge Girault, senior vice president, Finance, Prologis Mexico. “We have refinanced US$176.6 million to date, reducing our debt costs while keeping leverage levels steady and pushing out term. The result is a more flexible balance sheet that puts us in an excellent position to seize future opportunities.”

“Our strong performance and healthy market conditions, along with an improving macroeconomic environment for Mexico, are reflected in our updated guidance” added Girault.

GUIDANCE UPDATE

(US$ in million, except per CBFI amounts)	Previous	Revised	Notes
FFO per CBFI^(A)	US$0.1550-0.1650	n/a	Excludes the impact of incentive fee
FFO per CBFI^(A)	n/a	US$0.1475-0.1550	Includes the impact of incentive fee
Full Year 2017 Distributions per CBFI	US$0.1155	US$0.1180
Year End Occupancy	95.5-96.5%	96.0-96.5%
Same Store NOI (Cash)	0.0-1.0%	0.75%-1.75%	Based in U.S. dollars
Annual Capital Expenditures as % of NOI	14.0-16.0%	13.0%-15.0%
Asset Management and Professional Fees	US$18.5-20.5	US$18.5-20.5
Acquisitions	n/a	$50.0-100.0
Foreign Exchange Rate	Ps$22.0 / US$1.0	Ps$20.0 / US$1.0

(A) Excludes the impact of foreign exchange movements

WEBCAST & CONFERENCE CALL INFORMATION

FIBRA Prologis will host a live webcast/conference call to discuss quarterly results, current market conditions and future outlook. Here are the event details:

Friday, July 21, 2017, at 9 a.m. CT/10 a.m. ET
Live webcast at www.fibraprologis.com by clicking Events
Dial in: +1 877 256 7020 or +1 973 409 9692 and enter Passcode 93296068.

A telephonic replay will be available July 21– July 28 at +1 855 859 2056 from the U.S. and Canada or at +1 404 537 3406 from all other countries using conference code 93296068 and passcode 31833. The replay will be posted in the Investor Relations section of the FIBRA Prologis website.

ABOUT FIBRA PROLOGIS

FIBRA Prologis is a leading owner and operator of Class-A logistics real estate in Mexico. As of June 30, 2017, FIBRA Prologis comprised 194 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.2 million square feet (3.2 million square meters) of gross leasable area.

FORWARD-LOOKING STATEMENTS

The statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which FIBRA Prologis operates, management’s beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, acquisition activity, development activity, disposition activity, general conditions in the geographic areas where we operate, our debt and financial position, are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust (“FIBRA”) status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments (viii) environmental uncertainties, including risks of natural disasters, and (ix) those additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and the Mexican Stock Exchange by FIBRA Prologis under the heading “Risk Factors.” FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.

Non-Solicitation – Any securities discussed herein or in the accompanying presentations, if any, have not been registered under the Securities Act of 1933 or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws. Any such announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein or in the presentations, if and as applicable.

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SOURCE FIBRA Prologis

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