NEXT Properties announces early tender results of debt exchange offers for six series of Fibra Uno's senior unsecured notes

Core Points - NEXT Properties has announced the early tender results of its exchange offers for six series of senior notes issued by Fibra Uno, with the offers commencing on November 5, 2025 [1][2] - The early tender date was set for November 19, 2025, and the exchange offers will expire on December 5, 2025, unless extended [5] Summary by Category Exchange Offer Details - The total amounts tendered for exchange include US$775 million for 4.869% senior notes due 2030, US$500 million for 7.700% sustainability-linked notes due 2032, US$600 million for 7.375% senior green notes due 2034, US$300 million for 8.250% sustainability-linked notes due 2037, US$700 million for 6.950% senior notes due 2044, and US$875 million for 6.390% senior notes due 2050 [2][4] - The maximum exchange amounts for some offers were exceeded, leading to prorated acceptance of the FUNO notes [4] Financial Implications - NEXT Properties plans to pay the total consideration for the validly tendered FUNO notes on or shortly after December 3, 2025, along with accrued interest [3] - The maximum exchange amount for the 2032 exchange offer has been increased from US$150 million to US$154 million [4] Regulatory and Participation Conditions - The exchange offers are available only to Qualified Institutional Buyers and holders of FUNO notes outside the United States, with specific eligibility criteria outlined [7][9] - The new notes will not be registered under the U.S. Securities Act and are subject to transfer restrictions [9][10]