MEXARREND ANNOUNCES APPROVAL OF US$45 MILLION LOAN FROM THE US INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (“DFC”)

Mexico City, October 15th, 2020 – Mexarrend, a leading financial company in the Mexican market, announces the approval of a US$45 million loan, with a ten-year term, from the US International Development Finance Corporation (“DFC”). A letter of commitment has been signed by both parties and documentation is expected to be finalized before the end of the year. The resources will be used to grow Mexarrend’s portfolio and take advantage of opportunities towards the end of this year and the start of 2021, focusing on sectors which have shown resilience during the current economic situation.

Mexarrend’s CEO, Alejandro Monzó, highlights the importance of the loan with the DFC, commenting: “we are very pleased to have secured this loan from the DFC, which is particularly significant given the DFC’s outstanding reputation in the market. This facility further enables us to continue our commitment to funding the SME community in Mexico.”

Miranda Newswire – Full Press Release: Download PDF

Investor Relations Contact Details

Ana María Ybarra
E-mail: ana.ybarra@miranda-ir.com
Tel: + 52 (55) 3660 4037

About DFC

The U.S. International Development Finance Corporation (“DFC”) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.

About Mexarrend

Mexarrend S.A.P.I. de C.V. has grown to become one of the largest independent leasing companies in Mexico in the last 21 years. The company specializes in offering financing solutions to small and medium enterprises (SMEs) that have been neglected but experience rapid growth, for the acquisition of productive assets and equipment. Mexarrend provides reliable and competitive sources of financing, serving the needs of the market with a diversified and targeted offering for each specific segment www.mexarrend.mx.