26 June 2023
BBVA México is Administrative Agent and Structuring Bank for Fibra EXI’s Syndicated Loan
BBVA México is pleased to announce the successful closing of a syndicated loan for Fibra EXI totaling MXN3.2 billion pesos, the proceeds of which will be used to purchase a equity share in highway assets.
The deal was structured into two tranches:
- Tranche A: MXN2.7 billion pesos at a term of 5 years, with a 12-month grace period and rising principal payments
- Tranche B: A revolving credit facility for MXN500 million pesos at a term of 3 years
Mexico Infrastructure Partners (MIP), FIBRA EXI’s sponsor, is a leading infrastructure fund manager in Mexico and Latin America.
MIP operates USD3.3 billion in administrated assets and is the largest administrator in the local energy, infrastructure and telecommunications fund market.
We at BBVA México thank Fibra EXI for its confidence and for having chosen us as Administrative Agent and Structuring Bank.
We reiterate our commitment to continuing to work together with this Group toward its growth plans.