Vesta announced it has repaid $105 million of outstanding debt before the scheduled maturities. The payment included $60 million of 5.31% Series B senior notes that were due September 22, 2027, originally issued under a $125 million note purchase agreement dated September 22, 2017. It also covered $45 million of 5.85% Tranche B loans with a maturity of May 31, 2028, stemming from a $90 million term loan agreement dated May 31, 2018.
In settling the debt, Vesta paid all accrued and unpaid interest as well as any applicable make‑whole amounts, and the related agreements have been terminated. The early retirement simplifies the company’s capital structure and removes the covenants and reporting requirements tied to those instruments.
The move aligns with recent credit rating upgrades to BBB by both S&P Global Ratings and Fitch Ratings. As of June 30, 2026, Vesta’s portfolio comprised 232 industrial properties spread across 16 Mexican states, totaling 43.3 million square feet of leasable space.
Juan Sottil, Vesta’s chief financial officer, said that retiring the financings ahead of maturity reflects the company’s disciplined approach to balance sheet management and capital allocation.
