Unirenta Arrendamientos, S.A. de C.V.’s $31.24 Million securitization of accounts receivable deriving from leases agreements


Kuri Breña, Sánchez Ugarte y Aznar advised Unirenta Arrendamientos, S.A. de C.V. on the transaction

Unirenta Arrendamientos, S.A. de C.V. executed its securitization of accounts receivable deriving from leases agreements, under a program established in 2014, for which the firm also acted as legal counsel. The securitization was carried out through the issuance of trust certificates for an amount of MX$600,000,000.00 with a maturity of 4.75 years.

The transaction was rated mxAAA(sf) by S&P Global Ratings and HR AAA (E) by HR Ratings de México.

I-Structure acted as structuring agent. Vector Casa de Bolsa, Casa de Bolsa Ve Por Más and Scotia Inverlat Casa de Bolsa acted as underwriters.

Unirenta Arrendamientos, S.A. de C.V. offers finance leasing services to individuals and legal entities. The firm leases automobiles, machinery, computer equipment, and other assets and is based in Mexico City.

Kuri Breña, Sánchez Ugarte y Aznar advised Unirenta Arrendamientos, S.A. de C.V. with a team including Daniel Kuri Breña Romero de Terreros (Picture), Álvaro Sarmiento Lapiedra and Miguel Vallejo Guerra.

Involved fees earner: Daniel Kuri Breña Romero de Terreros – Kuri Breña Sánchez Ugarte y Aznar; Alvaro Sarmiento Lapiedra – Kuri Breña Sánchez Ugarte y Aznar; Miguel Vallejo Guerra – Kuri Breña Sánchez Ugarte y Aznar;

Law Firms: Kuri Breña Sánchez Ugarte y Aznar;

Clients: Unirenta Arrendamientos, S.A. de C.V.;

Author: Ambrogio Visconti.