MEXICO, CITY, MEXICO, June 21, 2019 – FibraShop (FSHOP) (BMV: FSHOP13), CIBanco S.A., Institución de Banca Múltiple, Fideicomiso Irrevocable Número F/00854, the first real estate investment trust specialized in shopping centers, hereby informs to the public that, as part of its refinancing plan, yesterday it signed a credit agreement with a revolving line for up to Ps. 3 billion, with a maturity date of three years, and with the possibility to extend it, at FibraShop’s option, for up to one additional year. The proceeds of the loan will be used to refinance the current revolving credit line of Ps 3.2 billion, as well as for corporate purposes, expenses and fees related to the refinancing.
With this, FibraShop continues delivering on the execution of the refinancing plan that was submitted to its CBFIs Holders Meeting on April 26, 2019.
FibraShop (BMV: FSHOP 13), is the only real estate option in Mexico offering a specialization in the shopping mall segment that has a long-track experienced management in the commercial sector, a solid operating and corporate governance structure, which guarantees transparency, efficiency and a profitable and secure growth vehicle.
FibraShop is an infrastructure and real estate trust formed to acquire, possess, administer and develop real estate in the shopping center segment in Mexico. The initial portfolio includes eight properties in four states of the Mexican Republic and one in Mexico City. FibraShop is administered by a group of experienced management specialized in the industry with a long track record and is externally advised by Fibra Shop Portafolios Inmobiliarios, S.A.P.I. de C.V.
FibraShop’s goal is to provide attractive returns to CBFIs holders, through stable cash distributions and capital appreciation.
FORWARD LOOKING STATEMENTS
This report may contain certain forward-looking statements. Said forward-looking statements are not based on historic events but on the current views of the administration. We caution that certain declaration or estimates imply risks and uncertainties that can changed due to different factors that are not under the Company’s control