Unifin’s $250 Million Offering

January 25, 2018

Cleary Gottlieb is representing Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. (Unifin) in a perpetual notes offering.

The initial purchasers in the transaction are Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. The offering, which priced on January 24, 2018, and is expected to close on January 29, 2018, consisted of $250 million 8.875 percent subordinated perpetual notes 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, and its $450 million bond offering of 7.000 percent senior notes due 2025 in May 2017.