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FIBRA Prologis announces the successful settlement of its Tender Offer for Terrafina CBFIs (TERRA 13)
PrologisPrologis(US:PLD) Prnewswireยท2024-08-06 22:04

Core Insights - FIBRA Prologis successfully completed its tender offer to acquire up to 100% of the real estate trust certificates issued by CIBanco, acquiring 77.13% of the total outstanding Terrafina CBFIs [1][2] Group 1: Acquisition Details - FIBRA Prologis acquired 606,417,404 Terrafina CBFIs, representing 77.13% of the total outstanding [2] - The company issued 217,092,999 Exchange CBFIs in exchange for the tendered Terrafina CBFIs [2] - A total payment of MXN$11,782,140,300.00 was made to Terrafina's CBFI holders who opted for the Cash Option [2] Group 2: Company Overview - FIBRA Prologis is a leading owner and operator of Class A industrial real estate in Mexico, comprising 236 logistics and manufacturing facilities [3] - As of June 30, 2024, FIBRA Prologis has a total gross leasable area of 46.9 million square feet (4.4 million square meters) across six industrial markets in Mexico [3]