FIBRA Macquarie México Completes Term Loan and Revolving Credit Facility
Simpson Thacher represented Fibra Macquarie México (BMV: FIBRAMQ) in connection with a sustainability-linked unsecured credit facility for an aggregate principal amount of up to $375 million. The facility comprises a $150 million term loan and a $225 million committed revolving credit facility. Proceeds will be used to refinance existing indebtedness and support the company’s broader business and growth initiatives.
Fibra Macquarie México is a publicly-traded Mexican real estate investment trust (FIBRA) externally managed by Macquarie Asset Management, investing in industrial, retail and office properties across Mexico.
The facility includes sustainability-linked pricing adjustments tied to the achievement of key performance indicators (KPIs) related to environmental, social and governance (ESG) objectives, including the expansion of green building certified properties across the portfolio.
The Simpson Thacher team included Juan Mendez and Jomar Vargas (Latin America – Banking and Credit); and Michael Mann (Tax).