BBVA and ORBIA successfully close the refinancing and increase of its revolving credit facility.

Orbia Advance Corporation, S.A.B. de C.V. (Orbia) successfully closed the refinancing of its revolving credit facility in the amount of USD1.4 billion for a 5-year term, in which BBVA Mexico participated as Global Coordinator and Joint Bookrunner. With this agreement, Orbia complements its comprehensive financing plan with greater liquidity and flexibility.

Orbia is a company driven by a shared purpose: to advance life around the world. Orbia operates in the next sectors or business groups: Polymer Solutions (Vestolit and Alphagary), Building & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line) and Fluor & Energy Materials (formerly Fluorinated Solutions) (Koura).

Orbia's five business groups have a collective focus on expanding access to health and well-being, reinventing the future of cities and homes, ensuring food, water and sanitation security, connecting communities to information and enabling the energy transition with basic and advanced materials, specialty products and innovative solutions. Orbia has a global team of more than 24,000 employees, commercial activities in more than 100 countries and operations in more than 50, with global headquarters in Mexico City, Boston, Amsterdam and Tel Aviv.

BBVA congratulates Orbia on this successful deal and we thank them for their confidence in us. This transaction reinforces BBVA's leadership in syndicated loans in Mexico.