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Stock impact report

Vesta Announces Proposed Offering of Senior Notes

Corporacion Inmobiliaria Vesta, S.A.B de C.V. American Depositary Shares, each representing ten (10) Common Shares (VTMX) 
Company Research Source: Business Wire
MEXICO CITY--(BUSINESS WIRE)--Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (NYSE: VTMX; BMV: VESTA), a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced that it intends to offer senior unsecured notes (the “Notes”) in a private placement to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non U.S. persons in accordance with Regulation S under the Securities Act. The Notes are expected to be guaranteed on a senior unsecured basis by certain of Vesta’s subsidiaries.The timing of pricing and terms of the Notes are subject to market conditions and other factors.  The proceeds from the Notes offering will be used by Vesta (i) to repay certain indebtedness, and (ii) for capital expenditure and other general corporate purposes.This press release does not constitute an of Show less Read more
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