Mexican real-estate investment trust Fibra Macquarie took out a $375 million sustainability-linked loan (SLL), its fourth such deal in a little more than two years.
The unsecured facility comprises a $150 million non-amortizing four-year term loan, and a $225 million three-year committed revolving credit line.
The first tranche charges a spread of 165 basis points over the 90-day secured overnight financing rate (SOFR); the second charges a spread of 155 basis points over the 30-day SOFR and can be extended for one year, the company said.
Both facilities include an KPI spread adjustment of +/- 5 basis points, linked to annual progress in green building certification coverage.
The company, which is part of Australian financial services group Macquarie, plans to use $150 million of the proceeds to pay down a $75 million term loan and a $75 million revolving facility maturing in December 2026, it said.
Fibra Macquarie didn’t respond to a request for information about the lenders and the KPIs.
Fibra Macquarie took out a seven-year SLL for $150 million from International Finance Corporation in July 2024. That followed SLLs for a total of $250 million from local lenders Bancomext and Banorte in 2023.