FIBRA Macquarie Obtains $90 Million Dollars with Revolving Credit
- FIBRA Macquarie secures a $90 million unsecured revolving credit facility with BBVA Mexico.
- The funds will be used to repay an existing credit facility and for general corporate purposes.
FIBRA Macquarie, a real estate trust specializing in industrial and commercial properties, has secured a new unsecured revolving credit facility of $90 million with BBVA Mexico.
The company will have access to $50 million at closing, and the proceeds from the new credit facility will be used to repay the outstanding balance of the existing unsecured revolving credit facility and for general corporate purposes.
In terms of the loan terms, FIBRA Macquarie will pay a variable interest rate based on the Secured Overnight Financing Rate (SOFR) at a 30-day rate, plus a spread of 140 basis points. The loan has a five-year term, with maturity set for June 28, 2027.
