Fibra Prologis refinances $290 million term loan at Libor plus 235 bps

By Wendy Van Sickle

Columbus, Ohio, March 7 – Fibra Prologis refinanced $290 million of its unsecured senior term loan facilities, according to a press release.

Interest on the new term loan is Libor plus 235 basis points, a 10 bps reduction over the previous financing.

The term loan is scheduled to mature in February 2023 and has a one-year extension option.

Proceeds were used to repay the $255 million senior term loan maturing in December 2020 and $35 million of borrowings outstanding under the company’s line of credit.

Based in Mexico City, Fibra Prologis is a real estate investment trust that owns and operates class-A industrial real estate in Mexico.

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