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Vesta Real Estate Announces $200MM Sustainability Linked Revolving Credit Facility

September 06, 2022, 06:00 AM
Filed Under: Real Estate


Vesta Real Estate Corporation, one of the leading industrial real estate companies in Mexico, announced a new US$200 million sustainability linked revolving credit facility with various financial institutions.

The committed three-year unsecured revolving credit line has an interest rate of SOFR +160 basis points and includes a target regarding the number of Green Building Certifications associated with the Company's Gross Leasable Area ("GLA"). This remains a crucial KPI for Vesta's long-term strategic priorities, also aligned to the Company's sustainability linked Public Bond which was issued in 2021.

"This new transaction represents a significant milestone for our Company as another step to further integrate ESG into the core of our business, aligned with our Level 3 Strategic Plan, strengthening our Company´s financial position and providing Vesta with important balance sheet flexibility," said Lorenzo Dominique Berho, CEO of Vesta.







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