NEXT Properties Adds $450M Minimum Issuance Conditions to Bond Swap
Mexico City – October 12, 2026 -- NEXT Properties (Trust 2401) has amended its exchange offers for four series of outstanding notes, making each offer conditional on the issuance of at least US$450,000,000 in new notes, following feedback from large institutional holders.
NEXT Properties sets two US$450 million floors for new 2036 and 2056 notes
The exchange offers, launched on October 8, 2026, cover any and all of the Trust's 7.700% Senior Sustainability-Linked Notes due 2032, 7.375% Senior Green Notes due 2034, 6.950% Senior Notes due 2044 and 6.390% Senior Notes due 2050.
Holders of the 2032 and 2034 notes can exchange into new Senior Sustainability-Linked Notes due 2036. Holders of the 2044 and 2050 notes can exchange into new Senior Sustainability-Linked Notes due 2056.