Unifin in $450 Million Offering

Cleary Gottlieb represented Unifin Financiera S.A.B. de C.V. (Unifin) in a Rule 144A/Regulation S offering of $450 million 8.375% senior notes due 2028.

The initial purchasers in the transaction were Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Morgan Stanley & Co. LLC.

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. The transaction priced on July 11, 2019, and closed on July 18, 2019. Unifin will use the proceeds of the offering for general corporate purposes.

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.