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.