Terrafina Announces US$290 Million Equity Offering

MEXICO CITY--()--Terrafina (”TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust (“FIBRA”), externally advised by PGIM Real Estate and dedicated to the acquisition, development, lease and management of industrial real estate properties in Mexico, announces that today it filed a notice to the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or “CNBV”) and the Mexican Securities Exchange (Bolsa Mexicana de Valores or “BMV”) to carry out a global follow-on Certificados Bursátiles Fiduciarios Inmobiliarios (“CBFIs”) offering, within our shelf registration program authorized by the CNBV, of approximately US$290 million (up to 160 million CBFIs), with a 15% greenshoe option; the offer shall be a public offer through the BMV and a private offer in the United States under Rule 144A of the U.S. Securities Act of 1933, and in other countries under Regulation S of the U.S. Securities Act of 1933 and applicable regulations in the related countries. Terrafina intends to initiate marketing efforts relating to the offering today, July 5, 2017.

Terrafina primarily intends to use the net proceeds of the offering to support growth through acquisitions and development (build-to-suit and expansions) and for other general corporate purposes.

Morgan Stanley and BBVA are joint-global coordinators on the offering. Morgan Stanley, BBVA, Citigroup, BTG Pactual and Evercore will act as international joint-bookrunners; BBVA Bancomer, Morgan Stanley, Citibanamex, Banorte Ixe, BTG Pactual and Evercore will act as local joint -bookrunners.

This press release shall not constitute an offer to sell CBFIs or the solicitation of an offer to buy the securities to which this communication refers, nor shall there be any sale or offer of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The securities to which this communication refers may not be offered or sold to the public until the Mexican CNBV acknowledges such public offering in accordance with the Mexican Securities Market Law (Ley del Mercado de Valores).

This press release is not an offer for sale of the securities, or a solicitation of an offer to acquire securities in the United States, and the securities may not be offered or sold publicly in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Terrafina has not registered, and does not intend to register any part of the offering, or conduct a public offering, in the United States. Any decision to purchase securities under any public offer must be made solely based on the information contained in the prospectus published as a result of the registration of the securities offered thereof in the Registro Nacional de Valores maintained by the CNBV, or any offering circular to be published in due course in relation to said offer.

About Terrafina

Terrafina (BMV:TERRA13) is a Mexican real estate investment trust formed primarily to acquire, develop, lease and manage industrial real estate properties in Mexico. Terrafina’s portfolio consists of attractive, strategically located warehouses and other light manufacturing properties throughout the Central, Bajio and Northern regions of Mexico. It is internally managed by highly-qualified industry specialists and externally advised by PGIM Real Estate.

Terrafina owns 272 real estate properties, including 260 developed industrial facilities with a collective GLA of approximately 36.5 million square feet and 12 land reserve parcels, designed to preserve the organic growth capability of the portfolio.

Terrafina’s objective is to provide attractive risk-adjusted returns for the holders of its certificates through stable distributions and capital appreciations. Terrafina aims to achieve this objective through a successful performance of its industrial real estate and complementary properties, strategic acquisitions, access to a high level of institutional support, and to its management and corporate governance structure. For more information, please visit www.terrafina.mx

PGIM Real Estate

PGIM Real Estate is the real estate investment business of PGIM Inc., the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU). Redefining the real estate investing landscape since 1970, PGIM Real Estate has professionals in 18 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management of US$65.9 billion (US$47.7 billion net) as of March 31, 2017. PGIM Real Estate’s tenured team offers to its global client base a broad range of real estate equity, debt, and securities investment strategies that span the risk/return spectrum. For more information, visit www.pgimrealestate.com

About Prudential Financial, Inc.

Prudential Financial, Inc. (NYSE:PRU), a financial services leader with more than US$1.1 trillion of assets under management as of March 31, 2017, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees are committed to helping individual and institutional customers grow and protect their wealth through a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. In the U.S., Prudential’s iconic Rock symbol has stood for strength, stability, expertise and innovation for more than a century. For more information, please visit www.news.prudential.com

Forward Looking Statements

This document may include forward-looking statements that may imply risks and uncertainties. Terms such as "estimate", "project", "plan", "believe", "expect", "anticipate", "intend", and other similar expressions could be construed as previsions or estimates. Terrafina warns readers that declarations and estimates mentioned in this document, or realized by Terrafina’s management imply risks and uncertainties that could change in function of various factors that are out of Terrafina’s control. Future expectations reflect Terrafina’s judgment at the date of this document. Terrafina reserves the right or obligation to update the information contained in this document or derived from this document. Past or present performance is not an indicator to anticipate future performance.

Contacts

Contacts in Mexico City:
Francisco Martinez, +52 (55) 5279-8107
Investor Relations Officer
francisco.martinez@terrafina.mx
or
Contacts in New York:
i-advize Corporate Communications, Inc.
Maria Barona, +1 (212) 406-3691
mbarona@i-advize.com

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