Mexico City, August 7th, 2025 – Promotora de Hoteles Norte 19, S.A.B. de C.V. (“Norte 19” or the “Company”) (BMV: HCITY), announces the successful completion today of the refinancing of its syndicated loan for $2,928,000,000.00 pesos (two billion nine hundred twenty-eight million pesos).
The loan is a committed line with a five-year term, which can be optionally extended for an additional two years, for a total term of seven years. The financial terms and conditions are competitive, with an interest rate starting at TIIE plus 275 basis points and potentially decreasing to TIIE plus 190 basis points, depending on the Company’s leverage level. This structure provides a clear incentive to continue with the deleveraging process, in line with the Company’s current financial strategy.
This move strengthens the Company’s finances and demonstrates continued support from the banking sector. The transaction was supported by six lending institutions, including Scotiabank Inverlat, S.A., Institución de Banca Múltiple, Grupo Financiero Scotiabank Inverlat, as the structuring agent; Banco Actinver, S.A., Institución de Banca Múltiple, Grupo Financiero Actinver; Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte; Bancoppel, S.A., Institución de Banca Múltiple; BBVA México, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA México; and Industrial and Commercial Bank of China México, S.A., Institución de Banca Múltiple.
“With this refinancing, we are taking an important step toward greater financial stability and operational efficiency. This new structure not only improves the debt maturity profile but also provides flexibility by reducing short-term liabilities by over 60%. This will allow us to continue executing our asset optimization strategy on a stronger financial foundation, fully aligned with our long-term objectives”, said Eduardo Ymay, Chief Executive Officer of Norte 19.
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance and Investor Relations
Phone: +52 55-5249-8067
E-mail: hvazquez@norte19.com