MEXICO CITY, March 5, 2020 / PRNewswire / – FIBRA Prologis (BMV: FIBRAPL 14), one of the main owners and operators of class A industrial property Mexico, announced today that, as part of the preferential right granted to existing qualified holders of its CBFIs, it had received subscriptions higher than the offer and had allocated all of the 200,000,000 CBFIs at the price of Ps. 41 , 50 by CBFI. Gross subscription proceeds are expected to be Ps. 8.3 billion.
The settlement and delivery of the CBFIs will take place on March 17, 2020, subject to receipt of payment. The negotiation of these CBFIs will begin upon delivery on the 17th of March, 2020.
Citigroup acts as principal adviser and BBVA Bancomer acts as adviser.
ABOUT FIBRA PROLOGIS
FIBRA Prologis is one of the main owners and operators of class A industrial property Mexico. At December 31, 2019, FIBRA Prologis included 191 logistics and manufacturing facilities in six industrial markets in Mexico totaling 34.9 million square feet (3.2 million square meters) of gross leasable area.
FORWARD LOOKING STATEMENTS
Statements in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on current expectations, estimates and projections regarding the industry and the markets in which FIBRA Prologis operates, the beliefs of management and the assumptions made by management. Such statements involve uncertainties which could have a significant impact on the financial results of FIBRA Prologis. Words such as “expect”, “anticipate”, “hear”, “plan”, “believe”, “seek”, “estimate” variations of these words and similar expressions are intended to identify such forward-looking statements, which generally do not are not historical in nature. All statements that relate to operational performance, events or developments that we expect or expect will occur in the future – including statements relating to rent and occupancy growth, acquisition activity , development activity, disposal activity, general conditions in the geographic areas where we operate, our debt and financial situation are forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe that the expectations reflected in the forward-looking statements are based on reasonable assumptions, we cannot guarantee that our expectations will be met and, therefore, actual results and results may differ materially from what is expressed or expected in these forward-looking statements. statements. Some of the factors that can affect results and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and exchange rates, (iii) increased or unexpected competition for our properties, (iv) the risks associated with property acquisitions, disposals and development, (v) maintaining the status of a real estate investment trust (“FIBRA”) and tax structuring, (vi) the availability of financing and capital, the debt levels we maintain and our credit ratings, (vii) the risks linked to our investments (viii) environmental uncertainties , including risks of natural disasters, and (ix) additional factors discussed in reports filed with the “Comisión Nacional Bancaria y de Valores” and the Mexican Stock Exchange by FIBRA Prologis sou s the “Risk factors” section. FIBRA Prologis assumes no obligation to update the forward-looking statements contained in this press release.
The securities mentioned in this document have not been and will not be registered under the Securities Act of 1933 of the United States or the securities laws of any State of United States and cannot be offered or sold United States lack of registration or applicable exemption from registration requirements under the United States Securities Act of 1933 and all applicable state securities laws.
SOURCE FIBRA Prologis
Related links
http://www.fibraprologis.com
