Promotora de Hoteles Norte 19 Successfully Concluded the Refinancing of its Syndicated Loan for $2.93 Billion Pesos

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.

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

Héctor Vázquez
Corporate Finance and Investor Relations
Phone: +52 55-5249-8067
E-mail: hvazquez@norte19.com

Ana Lucía Sors
Miranda IR
Phone: +52 833-293-4232
 
About Norte 19 
Norte 19 is a Mexican company that offers integrated solutions for the hospitality industry, dedicated to providing services ranging from the design and development of hotels to the operation and management of first-class hospitality businesses. With a track record spanning more than two decades, Norte 19 has stood out for its commitment to excellence in service, innovation in technology, and efficiency in operation. Norte 19 operates more than 150 hotels in Mexico, Colombia, Costa Rica, and Chile, establishing strong partnerships with recognized brands and continuously adapting to market demands. Norte 19 will maintain the same ticker symbol (“HCITY”) on the Mexican Stock Exchange (BMV).
For further information, please visit our website: https://norte19.com/en/investors

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