Financing ·
Corporación Inmobiliaria Vesta, S.A.B. de C.V. repaid US$105 million of outstanding private debt ahead of maturity on…
VTMXVesta Real Estate Corporation, S.A.B. de C.V.
Corporación Inmobiliaria Vesta, S.A.B. de C.V. repaid US$105 million of outstanding private debt ahead of maturity on September 9, 2026. The repayment included US$60 million of 5.31% Series B senior notes due September 22, 2027, and US$45 million of 5.85% Tranche B loans due May 31, 2028. Vesta paid accrued interest and applicable make-whole amounts to terminate both agreements. CFO Juan Sottil stated the transaction simplifies the capital structure, eliminates covenants, and provides financial flexibility consistent with recent credit rating upgrades to 'BBB' by S&P Global Ratings and Fitch Ratings. The company owns, manages, develops, and leases industrial properties in Mexico.