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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 contracted a line of credit to balance its debts. Photo: FIBRA Macquarie
07/01/2022
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.
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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