MONTERREY, Mexico--(BUSINESS WIRE)--Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 o Fibra Inn (BMV: FINN13) (“Fibra Inn” or “the Company”), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced that the underwriters of the IPO have exercised their over-allotment option (“green shoe”) to buy 26,789,533 additional Certificados Bursátiles Fiduciarios Inmobiliarios (“CBFIs”) of Fibra Inn at the offering price of Ps. 18.50 per CBFI. Therefore, after the IPO upon exercising this option Fibra Inn has 258,334,218 CBFIs outstanding.
These CBFIs began trading on the Mexican Stock Exchange under the ticker symbol “FINN13” on March 13, 2013 and were acquired by international investors under Rule 144A in the United States and under Regulation S outside of the United States.
Actinver Casa de Bolsa, S.A. de C.V., Casa de Bolsa Credit Suisse (México), S.A. de C.V. and Santander Investment Securities Inc. acted as joint bookrunners and Actinver Casa de Bolsa acted as structuring agent.
The CBFIs described in this press release may be found filed under number 2679-1.81-2013-009 in the National Registry of Securities (Registro Nacional de Valores) along with the authorization from the Mexican Securities and Exchange Commission (Comisión Nacional Bancaria y de Valores or “CNBV”) to publically offer the emission of CBFIs 153/6487/2013, dated March 11, 2013. A copy of the prospectus may be requested from the joint book runners or may be found on the internet at www.bmv.com.mx, www.cnbv.gob.mx and on Fibra Inn’s website www.fibrainn.mx.
About the Company
Fibra Inn is a Mexican trust formed primarily to acquire, own, develop and rent a broad range of hotel properties in Mexico. Headquartered in Monterrey, Fibra Inn owns 8 hotels and will have a high-quality, geographically-diverse portfolio of 14 hotels located in nine states throughout Mexico, comprising approximately 2,423 rooms. The Company has signed Franchise Agreements with IHG to operate its global brands Holiday Inn, Holiday Inn Express, and Holiday Inn Express & Suites, as well as with Hilton to operate its brand Hampton Inn by Hilton. These hotels enjoy some of the industry’s top loyalty programs and, offer attractive hotel options for businesses travelers. Fibra Inn recently listed its Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange and trades under the ticker symbol “FINN13”.
For more information, please visit our corporate site and investor relations section at: http://www.fibrainn.mx.
Note on Forward-Looking Statements
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
For more information please visit http://fibrainn.mx/en/investors.php.
