NHG advised Fibra Storage preferred rights offering

NHG advised Fibra Storage on the structuring and execution of the preferred acquisition right among its existing noteholders of up to 44.4 million real estate certificates (certificados bursátiles fiduciarios inmobiliarios) with ticker symbol “STORAGE 18”, raising MXN$684 million.

The exercise of the preferred acquisition right consisted of two consecutive stages directed exclusively to the current holders of the real estate certificates, only the holders that fully exercised their preferential acquisition right in the first round were entitled to participate in the second round, with this mechanism minority holders were in a position to increase their holding of certificates.