News | 01 January 1970
BBVA México leads a USD 700 million syndicated revolving credit facility for Fibra NEXT
BBVA México, acting as Global Coordinator, Joint Bookrunner, Administrative Agent and Sustainability Agent, closed Fibra NEXT’s first syndicated revolving credit facility (RCF) for USD 700 million. The financing is aimed at strengthening the company’s growth strategy and supporting its general corporate needs, consolidating one of the most significant transactions in Mexico’s industrial real estate sector.
Álvaro Vaqueiro Ussel, Head of Corporate & Investment Banking at BBVA México said “Fibra NEXT represents one of the most relevant industrial real estate projects in the Mexican market, at a time when demand for logistics and manufacturing infrastructure continues to show strong momentum. We thank Fibra NEXT for allowing us, through this transaction, to contribute to the growth of this sector in the country."
The facility is linked to a sustainability indicator under which Fibra NEXT has committed to certifying a certain percentage of its Gross Leasable Area with sustainable building certifications such as LEED, BOMA BEST or EDGE standards. By the end of 2025, 28% of Fibra NEXT’s GLA had already been certified, and the company aims to increase this figure to 56% by 2032. In addition, as part of its sustainability strategy, the company has committed to achieving net-zero emissions in Scope 1 and 2 by 2050, as well as equipping all of its industrial parks with wastewater treatment or water capture systems by 2040, among other initiatives.
Regarding the mobilisation of sustainable finance, BBVA channelled €36 billion into sustainable business during the first quarter of 2026, representing a 33% increase compared to the same period of the previous year.