Fibra Monterrey, the first investment trust in industrial and office real estate, announced an operation with which it managed to reduce its financial cost and extend the maturity profile of its debt.

The company had 150 million of a loan previously announced on September 5 to pay and replace a bilateral loan with BBVA for the same amount.

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This strategy will allow Fibra Mty to add 1.3 years to the maturity of the replaced debt, which will significantly improve its financial profile, and savings of between 10 and 35 basis points are expected, depending on the level of total liabilities in relation to the company's assets. company.

The reduction of financial costs and the extension of terms are part of Fibra Mty's strategy to optimize its capital structure and guarantee sustained growth for the benefit of its investors.

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The variable rate of SOFR 1M (the new reference rate in Mexico that replaces the TIIE) will have a surcharge of between 175 and 195 basis points depending on the ratio of liabilities to assets.

Fibra MTY reported that the resources obtained by the fiber will be used to replace debt, investment in properties and/or corporate uses in general. 

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Original Note.