Deal | 11 June 2025
BBVA Acts as Administrative Agent, Joint Bookrunner and Joint Lead Arranger on Fibra Prologis’ USD 800 Million Sustainability-Linked Credit Facilities
BBVA Corporate & Investment Banking has participated as Administrative Agent in a syndicated term loan and, concurrently, as Joint Bookrunner and Joint Lead Arranger on a revolving credit facility for Fibra Prologis, one of Mexico’s leading industrial real estate investment trusts. The transaction amounts to a total of USD 800 million.
The financing package consists of:
Underscoring its commitment to sustainable development, Fibra Prologis has linked both tranches of the financing to environmental Key Performance Indicators (KPIs), notably targeting LEED certification across its portfolio and the rollout of LED lighting systems.
Fibra Prologis stands as a key player in Mexico’s industrial real estate landscape. The REIT currently manages 345 properties with an approximate market value of USD 9.1 billion and a Gross Leasable Area (GLA) of more than 6.09 million square meters, strategically located across the country’s main industrial corridors. Its focus on logistics and manufacturing has attracted a high-caliber domestic and international tenant base.
At BBVA, we remain steadfast in our commitment to deliver innovative, sustainable, and tailored financial solutions for our corporate clients. This transaction reflects both our structuring capabilities in complex financings and our market leadership in sustainability-linked syndicated loans in Mexico.
The financing package consists of:
- A USD 300 million term loan facility with a maturity of up to 3 years.
- A USD 500 million revolving credit facility.
Proceeds will be used to refinance existing debt and support Fibra Prologis’ growth and development initiatives. Fourteen financial institutions participated in the transaction, with BBVA taking a final allocation of USD 84.5 million.
Underscoring its commitment to sustainable development, Fibra Prologis has linked both tranches of the financing to environmental Key Performance Indicators (KPIs), notably targeting LEED certification across its portfolio and the rollout of LED lighting systems.
Fibra Prologis stands as a key player in Mexico’s industrial real estate landscape. The REIT currently manages 345 properties with an approximate market value of USD 9.1 billion and a Gross Leasable Area (GLA) of more than 6.09 million square meters, strategically located across the country’s main industrial corridors. Its focus on logistics and manufacturing has attracted a high-caliber domestic and international tenant base.
At BBVA, we remain steadfast in our commitment to deliver innovative, sustainable, and tailored financial solutions for our corporate clients. This transaction reflects both our structuring capabilities in complex financings and our market leadership in sustainability-linked syndicated loans in Mexico.
We extend our congratulations to Fibra Prologis on the successful close of this strategic deal and are grateful for the trust placed in BBVA to lead this transaction.