Fibra Macquarie Obtains $90 Million Dollars with Revolving Credit Facility

Fibra Macquarie, a real estate trust specializing in industrial and commercial real estate, contracted a new US$90 million unsecured revolving credit line with BBVA Mexico.

The company stated it will have US$50 million available at closing and the proceeds from the new credit facility will be used to repay the balance of a committed unsecured revolving credit facility and for general corporate uses.

The terms of the loan will pay a variable interest rate, calculated based on the 30-day Secured Overnight Financing Rate (SOFR), plus a surcharge rate of 140 basis points. It will have a term of five years, so the maturity date will be June 28, 2027.

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