{"id":133528,"date":"2022-08-26T09:45:00","date_gmt":"2022-08-26T13:45:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-fibra-prologis-closes-two-promissory-notes-for-us100-million\/"},"modified":"2022-08-26T09:50:08","modified_gmt":"2022-08-26T13:50:08","slug":"fibra-prologis-cierra-dos-pagares-por-us100-millones","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/fibra-prologis-cierra-dos-pagares-por-us100-millones\/","title":{"rendered":"FIBRA Prologis Closes Two Promissory Notes for US$100 Million"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">Aug. 26, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8211; FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in <span class=\"xn-location\">Mexico<\/span>, has closed two promissory notes for a one-year tenor with Scotiabank Inverlat, S.A., Instituci\u00f3n de Banca M\u00faltiple, Grupo Financiero Scotiabank Inverlat (&#8220;Scotiabank&#8221;) and BBVA M\u00e9xico, S.A., Instituci\u00f3n de Banca M\u00faltiple, Grupo Financiero BBVA M\u00e9xico (&#8220;BBVA&#8221;) for a total amount of <span class=\"xn-money\">US$100 million<\/span>.<\/p>\n<p>Pricing for the <span class=\"xn-money\">US$100 million<\/span> of notes was SOFOR plus a weighted average spread of 102.5 basis points, which represents 96.5 basis points lower than our current spread in the line of credit. Both promissory notes are for a 12-month period, with no withholding tax.<\/p>\n<p>&#8220;We are always working on strengthening our Balance Sheet. With these funds we are refinancing existing debt at a lower cost of debt, while increasing our liquidity and maintaining a neutral loan-to-value,&#8221; said <span class=\"xn-person\">Jorge Girault<\/span>, senior vice president, Finance, Prologis Mexico.<\/p>\n<div class=\"wcag-arialevel-3\" style=\"display: block; font-size: 1.17em; margin-block-start: 1em; margin-block-end: 1em; margin-inline-start: 0px; margin-inline-end: 0px; font-weight: bold; text-align: left;\" role=\"heading\" aria-level=\"3\"><b>ABOUT FIBRA PROLOGIS<br \/><\/b><\/div>\n<p>FIBRA Prologis is a leading owner and operator of Class-A industrial real estate in <span class=\"xn-location\">Mexico<\/span>. As of <span class=\"xn-chron\">June 30, 2022<\/span>, FIBRA Prologis was comprised of 227 logistics and manufacturing facilities in six industrial markets in <span class=\"xn-location\">Mexico<\/span> totaling 43.4 million square feet (4.0 million square meters) of gross leasable area.<\/p>\n<div class=\"wcag-arialevel-3\" style=\"display: block; font-size: 1.17em; margin-block-start: 1em; margin-block-end: 1em; margin-inline-start: 0px; margin-inline-end: 0px; font-weight: bold; text-align: left;\" role=\"heading\" aria-level=\"3\"><b>FORWARD-LOOKING STATEMENTS<\/b><\/div>\n<p>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&#8217;s beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact FIBRA Prologis financial results. Words such as &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;intends,&#8221; &#8220;plans,&#8221; &#8220;believes,&#8221; &#8220;seeks,&#8221; &#8220;estimates,&#8221; 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 \u2014 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 (&#8220;FIBRA&#8221;) 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, (ix) risks related to the coronavirus pandemic, and (x) those additional factors discussed in reports filed with the &#8220;Comisi\u00f3n Nacional Bancaria y de Valores&#8221; and the Mexican Stock Exchange by FIBRA Prologis under the heading &#8220;Risk Factors.&#8221; FIBRA Prologis undertakes no duty to update any forward-looking statements appearing in this release.<\/p>\n<p>Non-Solicitation &#8211; 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 <span class=\"xn-location\">the United States<\/span> 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.<\/p>\n<div id=\"prni_dvprnejpg61bcleft\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpg61bcleft\" title=\" \" src=\"https:\/\/mma.prnewswire.com\/media\/528012\/FIBRA__Logo.jpg\" alt=\" \" align=\"middle\"\/><\/div>\n<p>Logo &#8211; <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3631629-1&amp;h=4000147032&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F528012%2FFIBRA__Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F528012%2FFIBRA__Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/528012\/FIBRA__Logo.jpg<\/a>\u00a0<\/p>\n<p>SOURCE  FIBRA Prologis<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">MEXICO CITY<\/span>, <span class=\"xn-chron\">Aug. 26, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8211; FIBRA Prologis (BMV: FIBRAPL14), a leading owner and operator of Class-A industrial real estate in <span class=\"xn-location\">Mexico<\/span>, has closed two promissory notes for a one-year tenor with Scotiabank Inverlat, S.A., Instituci\u00f3n de Banca M\u00faltiple, Grupo Financiero Scotiabank Inverlat (&#8220;Scotiabank&#8221;) and BBVA M\u00e9xico, S.A., Instituci\u00f3n de Banca M\u00faltiple, Grupo Financiero BBVA M\u00e9xico (&#8220;BBVA&#8221;) for a total amount of &lt;span&#8230;<\/p>\n","protected":false},"author":1,"featured_media":133529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-133528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/133528","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=133528"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/133528\/revisions"}],"predecessor-version":[{"id":133530,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/133528\/revisions\/133530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/133529"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=133528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=133528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=133528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}