Vesta repays $105M in private debt before scheduled maturity

Corporación Inmobiliaria Vesta, S.A.B. de C.V. (NYSE: VTMX), a Mexico-based industrial real estate company, announced it has repaid $105 million in outstanding principal under two private financings ahead of their scheduled maturity dates.

The repayments included $60 million of 5.31% Series B senior notes originally due September 22, 2027, issued under a $125 million note purchase agreement dated September 22, 2017, and $45 million of 5.85% Tranche B loans originally due May 31, 2028, under a $90 million term loan agreement dated May 31, 2018.

In addition to the principal amounts, Vesta paid accrued and unpaid interest along with applicable make-whole amounts under each agreement. Both agreements have been terminated following full repayment.

"Retiring these financings ahead of maturity reflects our disciplined approach to balance sheet management and capital allocation," said Juan Sottil, Chief Financial Officer of Vesta. "The transaction simplifies our capital structure, eliminates the related covenants and reporting requirements and provides greater financial flexibility as we continue to execute our Route 2030 strategy."

Sottil also noted the move is consistent with recent rating upgrades from S&P Global Ratings and Fitch Ratings, both of which raised Vesta to a "BBB" credit rating.

As of June 30, 2026, Vesta owned 232 properties across 16 Mexican states, totaling 43.3 million square feet of gross leasable area.

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