Unifin’s $250 Million Offering


Cleary Gottlieb Steen & Hamilton, Skadden, Arps, Slate, Meagher & Flom and Galicia Abogados advised on the transaction

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 Gottlieb Steen & Hamilton advised Unifin with Jorge Juantorena (Picture), Scott Douglas Borisky, Renée Ahlers Beckoff, David Stuckey, María Maldonado, David Maranjian and Héctor Gustavo Ramírez.

Skadden advised Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. with Alejandro González Lazzeri, Pamela Lawrence Endreny, Abigail E. Friedman, Alejandro Ascencio and Santiago Tinoco Martínez.

Galicia advised Barclays Capital Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and Scotia Capital (USA) Inc. with Guillermo Pérez Santiago, Adriana Pérez Cavazos and Sofía Montes de Oca.

Involved fees earner: Guillermo Pérez Santiago – Galicia Abogados, S.C; Alejandro Gonzalez Lazzeri – Skadden Arps Slate Meager & Flom; Alejandro Ascencio – Skadden Arps Slate Meager & Flom; Santiago Tinoco Martinez – Skadden Arps Slate Meager & Flom; Pamela Lawrence Endreny – Skadden Arps Slate Meager & Flom; Abigail Friedman – Skadden Arps Slate Meager & Flom; Jorge Juantorena – Cleary Gottlieb Steen & Hamilton; Renée Ahlers Beckoff – Cleary Gottlieb Steen & Hamilton; Maria Maldonado – Cleary Gottlieb Steen & Hamilton; Scott Douglas Borisky – Cleary Gottlieb Steen & Hamilton; David Stuckey – Cleary Gottlieb Steen & Hamilton;

Law Firms: Galicia Abogados, S.C; Skadden Arps Slate Meager & Flom; Cleary Gottlieb Steen & Hamilton;

Clients: Barclays Capital; Citigroup Global Markets Ltd; Morgan Stanley; Scotia Capital Inc.; Unifin Financiera, S.A.B. de C.V.;

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Author: Ambrogio Visconti