Vesta Announces Closing of $545 Million Global Syndicated Sustainable Credit Facility, Including a $200 Million Revolving Credit Facility

MEXICO CITY–(BUSINESS WIRE)–Corporación Inmobiliaria Vesta, SAB de CV (Vesta) (BMV: Vesta; NYSE: V™X), a leading industrial real estate company in Mexico, announced today that it has closed the business previously announced US$545 million Global Syndicated Sustainable Credit Facility (the “Mechanization”) comprised of a US$345 million term loan available through two tranches, three and five years, with an Availability Period of 18 months and a US $200 million revolving credit facility, which replaces the Company’s existing US $200 million revolving credit facility. The International Finance Corporation (IFC), BBVA (BME:), citi group (NYSE:), and Santander (BME:) acted as Joint Lead Arrangers for the transaction.

Juan Sottil, CFO of Vesta, commented: We are pleased to have completed this new financing. It provides us with continued access to strategic liquidity reserves, at a competitive cost, while we remain focused on executing our short- and long-term initiatives aligned with Vesta’s Route 2030 growth plan and our stated balance sheet guidance to ensure prudent financial continuity. of Vesta. management. We appreciate the support of our current lenders as well as our new institutional lenders and look forward to continuing to partner with them in the future.

The details of the transaction are as follows:

• Tranche I – Term loan for US $172.5 million for three years, at the equivalent coupon of SOFR plus an applicable margin of 130 basis points.

• Tranche II – Term loan for US $172.5 million for five years at the equivalent coupon of SOFR plus an applicable margin of 150 basis points.

• Revolving Credit Line “Four-year line of credit for US$200 million at the equivalent coupon of SOFR plus an applicable margin of 150 basis points.

The three tranches of the Credit Facility are subject to a sustainability pricing adjustment to applicable margins, equivalent to a reduction of five basis points, which is subject to Vesta meeting its annual KPI target related to the area. total certified leasable gross of the Company. Buildings certified in sustainability.

About Vesta

Vesta is a real estate owner, developer and asset manager of industrial warehouses and distribution centers in Mexico. As of September 30, 2024, Vesta owned 221 properties located in modern industrial parks in 16 states of Mexico with a total GLA of 39.1 million square feet (3.6 million m2). Vesta has several world-class customers involved in a variety of industries such as automotive, aerospace, high-tech, pharmaceutical, electronics, food and beverage and packaging. For additional information visit: www.vesta.com.mx.

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Investor Relations Contact, Mexico:
Juan Sottil, financial director
jsottil@vesta.com.mx
Tel: +52 55 5950-0070 ext.133

New York:
Barbara Cano
barbara@inspirgroup.com
Telephone: +1 646 452 2334

Fernanda Bettinger
mfbettinger@vesta.com.mx
investors.relaciones@vesta.com.mx
Tel: +52 55 5950-0070 ext.163

Source: Vesta