FIBRA Prologis announced on May 29, 2025, the recast of its unsecured sustainable credit facility, increasing its capacity from US$400 million to US$500 million. The facility also includes an accordion feature that allows for further expansion up to US$1 billion, subject to lender approval.
The recast credit line has an initial maturity of May 29, 2028, with two optional one-year extensions, and is priced at 125 basis points over the applicable benchmark rate. This represents a 5 basis point improvement in the unused commitment fee compared to the previous facility.
Additionally, FIBRA Prologis secured a new US$300 million term loan with a one-year term, extendable for up to two additional years, carrying the same 125 basis point spread. This term loan will be used to refinance existing short-term debt, thereby enhancing the company's debt maturity profile and overall financial flexibility.
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