Bank Credit Line to Refinance the Maturity of the FSHOP 17

FibraShop, a real estate trust specializing in shopping centers, has secured a bank credit line of MXN 1.80 billion pesos for a term of five years.
The funds from this credit line will be used to refinance the FSHOP 17 bond, which has a face value of MXN 1.40 billion pesos and matures in July, as well as for general corporate purposes.

FibraShop extends the maturity profile of its financings and reiterates its commitment to sustainability. Photo: Magda Ehlers de Pexels

04/19/2022

FibraShop announces a MXN 1.8 billion pesos bank credit line to boost its growth strategy. The real estate trust specializing in shopping centers, FibraShop (FSHOP), in collaboration with CI Banco S.A. Institución de Banca Múltiple Fideicomiso Irrevocable Número F/00854, has obtained an authorized credit line for five years, amounting to MXN 1.8 billion pesos.

The funds from this credit line will be used for the early repayment of the FSHOP 17 issuance, valued at MXN 1.4 billion pesos and due on July 19 of the current year. Additionally, they will be utilized for general corporate purposes. As part of this operation, FibraShop aims to establish Sustainability Conditions that will incorporate indicators and goals (KPIs) validated by a Sustainable Agent through a Third-Party Opinion.

These conditions will align with the "Sustainability Linked Principles of the Loan Market Association," ensuring the consistency and relevance of the sustainability-related KPIs.

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