Unifin Financiera in Inaugural Global Bond Offering

July 22, 2014

Cleary Gottlieb represented Credit Suisse, Citigroup and Scotiabank as initial purchasers in the inaugural high-yield global bond offering by Unifin Financiera. The transaction consisted of an offering of $400 million 6.250% senior notes due 2019. The proceeds of the offering were mainly used to repay short-term indebtedness. The bond offering was conducted as a private placement under Rule 144A of the Securities Act and outside of the Unites States in reliance on Regulation S. The transaction priced on July 15 and closed on July 22.

Unifin Financiera is a leading Mexican leasing company specializing in three main business lines: operating leasing, factoring and auto and other lending. Operating leasing is its core business line, whereby it offers operating leases for construction and industrial equipment, machinery, various types of transportations vehicles (including cars, trucks, helicopters, airplanes and other vessels) and other capital assets.