Simpson Thacher represented the initial purchasers, led by BofA Securities, Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC, among others, in connection with Vesta Real Estate Corporation’s offering of $500 million aggregate principal amount of 5.500% Senior Notes due 2033.
The net proceeds of the offering are intended to be used by Vesta for repayment of certain indebtedness, capital expenditure and general corporate purposes.
Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. Vesta owns 231 properties located in modern industrial parks in 16 states of Mexico totaling an operating GLA of 41.7 million sf (3.9 million m2), with client spanning industries such as automotive, aerospace, retail, high-tech, pharmaceuticals, electronics, food and beverage and packaging.
The Simpson Thacher team included Juan F. Mendez, Enrique Güijosa Rincón and Patricia Mutti e Mattos (Capital Markets – Latin America); and Jonathan Cantor (Tax).