FIBRA Prologis announced that it has recast its sustainable and unsecured line of credit of USD 400 million. FIBRA Prologis amended and restated its $400 million unsecured, sustainability-linked revolving line of credit with a syndicate of nine banks. Additionally, an accordion feature provides FIBRA Prologis with the option to increase the credit facility up to USD 500 million subject to lender approval.

The new credit facility has an initial maturity of April 27th, 2026 with two one-year extensions at borrower's option, subject to the payment of an extension fee. Based on the FIBRA's rating, the current spread is 150 basis points. The spread can be adjusted +/- 2 basis points upon achievement of certain KPIs.

This represents a reduction of 50 basis points from pricing in the prior line of credit.