MEXARREND ANNOUNCES NEW $3 BILLION PESOS WAREHOUSING REVOLVING CREDIT FACILITY WITH CREDIT SUISSE

Mexico City, February 10, 2021 – Mexarrend, a leading financial company in the Mexican market, is pleased to announce that it has signed a warehousing revolving credit facility with Credit Suisse AG, Cayman Islands Branch, for $3 billion pesos. The facility is structured to permit additional financing up to a total of $4.2 billion pesos. This credit facility provides the necessary flexibility to set aside provisions in line with portfolio growth, thereby optimizing cash and leverage levels. In addition, the credit facility diversifies the debt profile of the Company significantly.

This new line, along with the capitalization announced a few weeks ago, will allow Mexarrend to take advantage of the opportunities and fund the growth in the coming months and years, maintaining a healthy balance sheet and strong financial indicators at all times.

Mexarrend’s CEO, Alejandro Monzó, commented: “The signing of this line provides us with a key tool for our growth strategy and improving our positioning in the Mexican market. We remain committed to Mexican SMEs, which now, more than ever, need support to continue growing and strengthening our country’s economy.”