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News Oct 18, 2016

Shearman & Sterling Advises on Term Loan for FIBRA Terrafina

Shearman & Sterling advised BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer and JPMorgan Chase Bank, N.A., as joint lead arrangers, in connection with a US$150 million senior unsecured term loan for FIBRA Terrafina (CIBANCO, S.A. IBM, FIDEICOMISO F/00939).

Terrafina is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of strategically located warehouses and other light manufacturing properties throughout the Central, Bajio and Northern regions of Mexico. It is internally managed by industry specialists and externally advised by Prudential Real Estate Investors.

The Shearman & Sterling team included partner Malcolm Montgomery and associates Alex Rosenthal and Elizabeth Martialay (all New York-Real Estate).