Mexico City, February 24th, 2022. UNIFIN Financiera, S.A.B. de C.V. (BMV: UNIFINA) (“UNIFIN” or “The Company”) informs the investor public that today it successfully carried out its first public offering and placement in the local market of short-term unsecured notes under the Company’s revolving certificates program (“CEBURES”), in the amount of MXN $3,000,000,000.00, with a term of 364 days, equivalent to 13 coupons of 28 days and a variable rate of TIIE28 + 1.40%.
A broad base of institutional investors participated in the offering, including pension funds, investment funds, insurance companies, treasury departments, private banks and government financial institutions, reaching the total level called, which confirms the confidence of domestic investors in the Company, its fundamentals, as well as in its operating, financial, and organizational performance.
The Company will use the proceeds for corporate purposes and infrastructure. This transaction bolsters the Company’s liability management strategy, based on maintaining a healthy capital structure and reducing short-term refinancing risks.
Sergio Camacho, Chief Executive Officer of UNIFIN commented, “This transaction demonstrates the confidence of the domestic market in UNIFIN, as well as in the Company’s ability to maintain an adequate management of its financial liabilities, which allows us to focus our efforts on the development of our business plan and continue to strategically position ourselves in the face of changing market conditions.”
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About the Company
UNIFIN is the leading independent Mexican leasing company, operating as a non-banking financial services company. UNIFIN´s main business lines are leasing, factoring, auto loans, structured finance, working capital and other lending. Through UNIFIN’s leasing business line, its core business line, the Company offers operating leases for all types of equipment and machinery, various types of transportation vehicles (including cars, trucks, helicopters, airplanes, and other vessels) and other assets in a variety of industries. Through its factoring business line, UNIFIN provides liquidity and financing solutions to its customers by purchasing or discounting accounts receivable and by providing vendor financing. UNIFIN’s auto loans business line is focused on financing the acquisition of new and used vehicles.
Forward Looking Statements
This document may contain certain forward-looking statements. These statements are non-historical facts, and they are based on the current vision of the Management of UNIFIN Financiera, S.A.B. de C.V., for future economic circumstances, the conditions of the industry, the performance of the Company and its financial results. The terms “anticipated”, “believe”, “estimate”, “expect”, “plan” and other similar terms related to the Company, are solely intended to identify estimates or predictions. The statements relating to the declaration or the payment of dividends, the implementation of the main operational and financial strategies and plans of investment of equity, the direction of future operations and the factors or trends that affect the financial condition, the liquidity or the operating results of the Company are examples of such statements. Such statements reflect the current expectations of the management and are subject to various risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on several suppositions and factors, including economic general conditions and market conditions, industry conditions and various factors of operation. Any change in such suppositions or factors may cause the actual results to differ from expectations.