Unifin in $200 Million Offering

Cleary Gottlieb represented Unifin Financiera S.A.B. de C.V. (Unifin) in a Rule 144A/Reg. S offering of $200 million 7% senior notes due 2022.

The initial purchasers in the transaction were Barclays Capital Inc., Santander Investment Securities Inc., and Scotia Capital (USA) Inc.

The offering was conducted as a private placement under Rule 144A of the Securities Act of 1933 and outside of the United States in reliance on Regulation S, in response to a reverse inquiry by an institutional investor interested in investing in Unifin’s debt securities. The transaction priced on August 8, 2019, and closed on August 12, 2019. Unifin will use the proceeds of the offering for general corporate purposes (including the refinancing of short-term debt).

Cleary has represented Unifin in a number of debt and equity offerings, including its Rule 144A/Reg. S offering of $450 million 8.375% senior notes due 2028 in July 2019.

Unifin is a Mexican publicly traded company, specializing in three main business lines: leasing, factoring, and auto loans and other lending. Founded in 1993, it is the fourth-largest financial institution in terms of market share and loans to small- and medium-sized enterprises in Mexico.