Vesta Announces Closing of US$545 Million Global Syndicated Sustainable Credit Facility Including US$200 Million Revolving Credit Facility
Vesta (NYSE: VTMX) has successfully closed a US$545 million Global Syndicated Sustainable Credit Facility. The facility consists of a US$345 million term loan available in two tranches (three and five years) with an 18-month availability period, and a US$200 million Revolving Credit Facility. The International Finance , BBVA, Citigroup, and Santander served as Joint Lead Arrangers.
The facility includes three components: a three-year US$172.5 million Term Loan at SOFR plus 130 basis points, a five-year US$172.5 million Term Loan at SOFR plus 150 basis points, and a four-year US$200 million revolving facility at SOFR plus 150 basis points. All tranches feature a potential 5 basis points reduction based on meeting sustainability targets related to certified building area.
Vesta (NYSE: VTMX) ha chiuso con successo un prestito globale sindacato sostenibile da 545 milioni di dollari statunitensi. Il prestito consiste in un prestito a termine da 345 milioni di dollari statunitensi disponibile in due tranche (tre e cinque anni) con un periodo di disponibilità di 18 mesi, e in un prestito revolving da 200 milioni di dollari statunitensi. L'International Finance, BBVA, Citigroup e Santander hanno svolto il ruolo di Joint Lead Arrangers.
Il prestito comprende tre componenti: un prestito a termine di 172,5 milioni di dollari statunitensi per tre anni a SOFR più 130 punti base, un prestito a termine di 172,5 milioni di dollari statunitensi per cinque anni a SOFR più 150 punti base, e un prestito revolving di 200 milioni di dollari statunitensi per quattro anni a SOFR più 150 punti base. Tutte le tranche prevedono una riduzione potenziale di 5 punti base basata sul raggiungimento di obiettivi di sostenibilità legati all'area edificata certificata.
Vesta (NYSE: VTMX) ha cerrado con éxito una facilidad de crédito sostenible sindicada global de 545 millones de dólares estadounidenses. La facilidad consiste en un préstamo a plazo de 345 millones de dólares estadounidenses disponible en dos tramos (tres y cinco años) con un período de disponibilidad de 18 meses, y en una facilidad de crédito rotativo de 200 millones de dólares estadounidenses. International Finance, BBVA, Citigroup y Santander actuaron como Coordinadores Principales Conjuntos.
La facilidad incluye tres componentes: un préstamo a plazo de 172,5 millones de dólares estadounidenses a tres años a SOFR más 130 puntos básicos, un préstamo a plazo de 172,5 millones de dólares estadounidenses a cinco años a SOFR más 150 puntos básicos, y una facilidad rotativa de 200 millones de dólares estadounidenses a cuatro años a SOFR más 150 puntos básicos. Todos los tramos cuentan con una posible reducción de 5 puntos básicos en función de cumplir con objetivos de sostenibilidad relacionados con el área edificada certificada.
베스타(Vesta) (NYSE: VTMX)는 5억 4천5백만 달러 규모의 글로벌 신디케이트 지속 가능한 신용 시설을 성공적으로 마감했습니다. 이 시설은 3억 4천5백만 달러의 기간 대출(3년 및 5년)으로 두 개의 트랜치를 제공하며, 18개월의 사용 가능 기간이 있으며, 2억 달러의 회전 신용 시설도 포함됩니다. 국제 금융기구(International Finance), BBVA, 씨티그룹(Citigroup) 및 산탄데르(Santander)가 공동 주관사로 참여했습니다.
이 시설은 세 가지 구성 요소로 이루어져 있습니다: 3년 만기 1억 7천2백50만 달러의 기간 대출이 SOFR + 130 베이시스 포인트, 5년 만기 1억 7천2백50만 달러의 기간 대출이 SOFR + 150 베이시스 포인트, 그리고 4년 만기 2억 달러의 회전 대출이 SOFR + 150 베이시스 포인트입니다. 모든 트랜치는 인증된 건축 면적과 관련된 지속 가능성 목표를 달성할 경우 최대 5 베이시스 포인트의 감액 가능성을 제공합니다.
Vesta (NYSE: VTMX) a réussi à clore un prêt syndiqué durable global de 545 millions de dollars américains. La facilité est composée d'un prêt à terme de 345 millions de dollars américains disponible en deux tranches (trois et cinq ans) avec une période de disponibilité de 18 mois, et d'une facilité de crédit revolving de 200 millions de dollars américains. L'International Finance, BBVA, Citigroup et Santander ont agi en tant que coorganisateurs principaux.
La facilité comprend trois composants : un prêt à terme de 172,5 millions de dollars américains sur trois ans à SOFR plus 130 points de base, un prêt à terme de 172,5 millions de dollars américains sur cinq ans à SOFR plus 150 points de base, et une facilité revolving de 200 millions de dollars américains sur quatre ans à SOFR plus 150 points de base. Toutes les tranches incluent une réduction potentielle de 5 points de base en fonction de l'atteinte des objectifs de durabilité liés à la superficie bâtie certifiée.
Vesta (NYSE: VTMX) hat erfolgreich eine globale syndizierte nachhaltige Kreditfazilität in Höhe von 545 Millionen US-Dollar geschlossen. Die Fazilität besteht aus einem Terminkredit in Höhe von 345 Millionen US-Dollar, der in zwei Tranchen (drei und fünf Jahre) mit einer Verfügbarkeitsdauer von 18 Monaten angeboten wird sowie einem Revolving-Kredit in Höhe von 200 Millionen US-Dollar. Die International Finance, BBVA, Citigroup und Santander fungierten als Joint Lead Arrangers.
Die Fazilität umfasst drei Komponenten: ein dreijähriger Terminkredit über 172,5 Millionen US-Dollar zu SOFR zuzüglich 130 Basispunkte, ein fünfjähriger Terminkredit über 172,5 Millionen US-Dollar zu SOFR zuzüglich 150 Basispunkte und eine vierjährige Revolving-Fazilität über 200 Millionen US-Dollar zu SOFR zuzüglich 150 Basispunkte. Alle Tranchen bieten eine mögliche Reduzierung um 5 Basispunkte, wenn Nachhaltigkeitsziele in Bezug auf zertifizierte Gebäudefläche erreicht werden.
- Secured substantial financing of US$545 million through sustainable credit facility
- Potential for interest rate reduction of 5 basis points tied to sustainability targets
- Extended credit facility maturity with tranches ranging from 3-5 years
- Maintained strategic liquidity with US$200 million revolving credit facility
- None.
Insights
Juan Sottil, Vesta’s Chief Financial Officer, commented, “We’re pleased to have completed this new financing. It provides us with continued access to strategic liquidity reserves, at a competitive cost, as we remain focused on executing our short- and long-term initiatives aligned with Vesta’s Route 2030 growth plan and with our stated balance sheet guidelines to ensure Vesta’s continued prudent financial 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 transaction details are as follows:
-
Tranche I - Three-year US
$172.5 million
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Tranche II - Five-year US
$172.5 million
-
Revolving Credit Facility – Four-year US
$200 million
The three tranches of the Credit Facility are subject to a sustainability pricing adjustment to the applicable margins, equivalent to a reduction of five basis points, which is subject to Vesta’s compliance of its annual KPI target related to the total certified gross leasable area of the Company´s sustainability certified buildings.
About Vesta
Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in
View source version on businesswire.com: https://www.businesswire.com/news/home/20241218235861/en/
Investor Relations Contact,
Juan Sottil, CFO
jsottil@vesta.com.mx
Tel: +52 55 5950-0070 ext.133
Barbara Cano
barbara@inspirgroup.com
Tel: +1 646 452 2334
Fernanda Bettinger, IRO
mfbettinger@vesta.com.mx
investor.relations@vesta.com.mx
Tel: +52 55 5950-0070 ext.163
Source: Vesta
FAQ
What is the total value of Vesta's (VTMX) new sustainable credit facility?
What are the interest rates for Vesta's (VTMX) new credit facility tranches?
How can Vesta (VTMX) reduce its interest rates in the new credit facility?
Which banks arranged Vesta's (VTMX) US$545 million credit facility?
What is the size of Vesta's (VTMX) new revolving credit facility?
