BBVA México Provides $181 Million Financing to Grupo Amistad

en.Wedoany.com Reported - BBVA México has provided $181 million in financing to Fideicomiso 3599, a trust of developer Grupo Amistad, to fund the development of industrial warehouses in the states of Coahuila, Guanajuato, and Sonora.

The financing package includes a $161 million stabilization loan and a $20 million inventory loan. The stabilization loan is backed by 16 industrial warehouses with a total leasable area (ABR) of 255,986 square meters and 100% occupancy. The inventory loan is intended for four warehouses under construction, with a total leasable area (ABR) of 54,620 square meters, located in Ramos Arizpe, Piedras Negras, and Matamoros, Coahuila, and is subject to specific leasing and occupancy conditions for disbursement.

Alejandro Cárdenas Bortoni, General Manager of Corporate and Institutional Banking at BBVA México, noted that this bilateral financing is primarily allocated to refinancing existing liabilities, repaying capital investments, and general corporate purposes, aiming to optimize the capital structure of the industrial asset portfolio.

Claudio F. Ramón, President of Amistad Global Development, stated that BBVA México's trust and strategic vision supported the institutional refinancing of the asset portfolio. He mentioned that based on over 45 years of experience developing A-class industrial parks in Mexico, this capital structure provides liquidity to continue expanding in high-demand corridors, ensuring sustainable and efficient assets.

The collateral portfolio consists of 20 A/A+ class assets located in mature markets in northwestern Mexico and the Bajío region: Coahuila (Acuña, Ramos Arizpe, Piedras Negras, and Saltillo), Guanajuato (Apaseo el Grande), and Sonora (Hermosillo). This portfolio generates 100% dollar-denominated income, providing a natural hedge against exchange rate fluctuations.

The cash flow stability of the portfolio is supported by long-term contracts with top-tier global companies in advanced manufacturing and logistics, with an average remaining term of 6.2 years and predominantly investment-grade tenants, ensuring a high degree of debt service predictability.

Through this transaction, BBVA México promotes national industrial development during the nearshoring era, arranging financing in line with sustainability and responsible banking standards to support projects that deliver long-term economic, social, and environmental value to Mexico.