Terrafina draws down $150 million under revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, April 6 – Terrafina drew down $150 million of its revolving credit line maturing in January 2023, according to a news release.

The proceeds will be used as a contingency plan if needed in addition to current leasing revenues to shield Terrafina’s operations amid the Covid-19 pandemic

Borrowings bear interest at Libor plus 245 basis points.

Terrafina said it remains in compliance with its financial obligations for leverage and interest coverage.

Terrafina is a Mexico City-based real estate investment trust with a focus on industrial properties. It is externally advised by Prudential Real Estate Investors.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.