MEXICO
CITY, Aug. 6, 2024 /PRNewswire/ -- FIBRA
Prologis (BMV: FIBRAPL 14), a leading owner and operator of Class A
industrial real estate in Mexico,
announces that the settlement of its tender offer (the "Offer") to
acquire up to 100% of the real estate trust certificates
(certificados bursátiles fiduciarios inmobiliarios) issued
by CIBanco, S.A., Institución de Banca Múltiple, as trustee of the
irrevocable trust agreement number F/00939 ("Terrafina"),
identified with ticker symbol "TERRA 13" ("Terrafina CBFIs") has
been completed successfully.
The settlement consisted of (i) the acquisition by Fibra
Prologis of 606,417,404 Terrafina CBFIs, which represent 77.13% of
the total outstanding Terrafina CBFIs; (ii) the issuance by Fibra
Prologis of 217,092,999 Exchange CBFIs in exchange for the tendered
Terrafina CBFIs; and (iii) the payment by Fibra Prologis of
MXN$11,782,140,300.00 to Terrafina's CBFI holders who elected to
exercise their Cash Option, pursuant to the terms and conditions
provided in the Offer prospectus.
The FIBRA Prologis CBFIs offered in the Offer have not been, nor
will be, registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), or the securities laws of any state
of the United States and may not
be offered or sold in the United
States absent registration or pursuant to an applicable
exemption from the registration requirements under the Securities
Act and any applicable state securities laws.
ABOUT FIBRA PROLOGIS
FIBRA Prologis is a leading owner and operator of Class-A
industrial real estate in Mexico.
As of June 30, 2024, FIBRA Prologis
was comprised of 236 logistics and manufacturing facilities in six
industrial markets in Mexico
totaling 46.9 million square feet (4.4 million square meters) of
gross leasable area.
FORWARD-LOOKING STATEMENTS
The statements in this release that are not historical facts are
forward-looking statements. These forward-looking statements are
based on current expectations, intents, estimates and projections
about the industry and markets in which FIBRA Prologis operates,
management's beliefs and assumptions made by management. Such
statements involve uncertainties that could significantly impact
results. Words such as "expects," "anticipates," "intends," "will,"
"believes," "potential," "estimates," "should" and variations of
such words and similar expressions are intended to identify such
forward-looking statements, which generally are not historical in
nature. All statements that address the terms of the tender
offer, the success of closing the tender offer, the expected
benefits of the proposed business combination, the potential
disadvantages of not participating in the Offer or events or
developments that we expect or anticipate will occur in the future,
are forward-looking statements. These statements are not guarantees
of future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
competing bids for the acquisition of Terrafina, (ii) varying
interpretations of regulations by governing authorities, (iii)
national, international, regional and local economic climates, (iv)
changes in financial markets, interest rates and foreign currency
exchange rates, (v) increased or unanticipated competition for our
properties, (vi) risks associated with acquisitions, dispositions
and development of properties, (vii) maintenance of real estate
investment trust (FIBRA) status and tax structuring, (viii)
availability of financing and capital, the levels of debt that we
maintain and our credit ratings, (ix) risks related to our
investments, (x) risks related to the coronavirus pandemic, (xi)
inability to adjust, revise or amend FIBRA Prologis's fee
structure; and (xii) those additional factors discussed in Tender
Offer Prospectus and reports filed with the "Comisión Nacional
Bancaria y de Valores" and the Mexican Stock Exchange by FIBRA
Prologis under the heading "Risk Factors." FIBRA Prologis
undertakes no duty to update any forward-looking statements
appearing in this release.
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SOURCE FIBRA Prologis