Unifin’s $300 Million Senior Notes Offering

Cleary Gottlieb represented Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. (Unifin) in a Rule 144A/Regulation S offering of $300 million of senior notes.

The initial purchasers in the transaction were Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, and Scotia Capital (USA) Inc. The offering, which priced on February 8, 2018, and closed February 12, 2018, consisted of $300 million 7.375 percent senior notes due 2026 issued by Unifin, and 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.

Unifin will use the proceeds of the offering for general corporate purposes.

Unifin is considered the leading independent (non-banking) leasing company in Latin America. Founded in 1993, it operates as a non-banking financial services company, specializing in operating leasing, financial factoring and auto loans and other lending. Cleary previously represented Unifin in its $400 million bond offering of 7.250 percent senior notes due 2023 in September 2016, its $450 million bond offering of 7.000 percent senior notes due 2025 in May 2017, and its $250 million bond offering of 7.250 percent subordinated perpetual notes in January 2018.