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FIBRA Prologis announces successful settlement of its Tender Offer for Terrafina (TERRA 13)
PLDPrologis(PLD) Prnewswire·2024-11-26 22:30

Core Viewpoint - FIBRA Prologis has successfully completed its tender offer for up to 100% of the outstanding Terrafina CBFIs not already owned by the company, acquiring a significant majority of the total outstanding CBFIs [1][2]. Company Profile - FIBRA Prologis is a leading owner and operator of Class A industrial real estate in Mexico, comprising 514 logistics and manufacturing facilities across six industrial markets, totaling 89.5 million square feet (8.3 million square meters) of gross leasable area, along with 165 buildings totaling 24.0 million square feet (2.2 million square meters) of non-strategic assets as of September 30, 2024 [4]. Tender Offer Details - The settlement of the tender offer included the acquisition of 100,289,570 Terrafina CBFIs, which, combined with the CBFIs already owned by FIBRA Prologis, represents 89.88% of the total outstanding Terrafina CBFIs [2]. - Additionally, FIBRA Prologis issued 58,167,950 Exchange CBFIs in exchange for the tendered Terrafina CBFIs [2]. Regulatory Information - The CBFIs offered in the tender have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption [3].