Vesta Obtains a Credit Line Linked to Sustainability for 200 MD

Corporación Inmobiliaria Vesta secures a $200 million revolving credit line linked to sustainability.
The credit line strengthens Vesta's financial position and supports its commitment to developing green-certified industrial properties.

Vesta develops properties, such as this industrial building in Guanajuato. Photo: GTO Puerto Interior.

09/05/2022

Corporación Inmobiliaria Vesta, a developer of industrial buildings and parks in Mexico, has secured a new $200 million revolving credit line linked to sustainability. The company signed the credit line with undisclosed financial institutions. The revolving line has a three-year term and will bear an interest rate of SOFR + 160 basis points. Vesta aims to maintain buildings with green certifications as part of its sustainability goals, aligning with its long-term strategic plan and the sustainability-linked bond issued in 2021.

Vesta's commitment to sustainability is evident in its efforts to develop green-certified industrial properties. The recent credit line strengthens the company's financial position and provides balance sheet flexibility. In 2021, Vesta became the first real estate company in Mexico to issue a sustainability-linked bond outside of Latin America. With a portfolio of 193 properties across 15 Mexican states and a total leasable area of 2.98 million square meters, Vesta serves tenants from various industries, including aerospace, automotive, food and beverage, logistics, and medical devices.

Read the full article (in Spanish).

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