Cleary Gottlieb represented the Lead Arrangers in a $400,000,000 senior unsecured loan facility for FIBRA Macquarie Mexico.
FIBRA Macquarie Mexico is one of the largest FIBRAs (Mexican real estate investment trusts), with over 250 properties located throughout Northern and Central Mexico. Cleary previously represented the underwriters in FIBRA Macquarie Mexico’s initial public offering in 2013 and follow-on offering in 2014.
The loan facility includes a term loan and a revolver, with the revolver being available in U.S. dollar- and peso-denominated tranches. The proceeds of the loan were used to refinance existing debt and for future investments in real estate assets in Mexico. The closing date occurred on June 30, 2016.