Unifin announces Proposal for Capital Increase

Mexico City, Mexico, May 21st, 2020 – UNIFIN Financiera, S.A.B. de C.V. (ticker: UNIFINA) (“UNIFIN” or the “Company”) announces a proposal to carry out a capital increase of MXN$2.52 bn.

UNIFIN, the leading leasing company in Latin America, announces its controlling shareholders plan to carry out a capital increase of up to MXN$2.52 bn. The capital increase will be put to a vote at the upcoming Shareholders’ Meeting on June 5th.

UNIFIN plans to issue 140 million new shares, at a price of MXN$18/s. All shareholders will be able to participate in the preference share offering and thereby avoid dilution. The controlling shareholder group plans to participate in the acquisition of new shares, aligned with its commitment to the Company.

The offering of new shares will improve UNIFIN’s capital and liquidity ratios, and will put the company in strong position to support its clients in this challenging economic period. UNIFIN believes that as Mexico emerges from the COVID-19 pandemic, there will be attractive opportunities in leasing and lending to Mexican SMEs, and wants to be well prepared for when that moment comes.

 

Miranda Newswire – Full Press Release: Download PDF

 

Investor Relations Contact Details

David Pernas – Director, IR & Corporate Finance
Tel: +52 (55) 4162-8270
E-mail: unifin_ri@unifin.com.mx

 
About the Company
UNIFIN is the leading independent Mexican leasing company, operating as a non-banking financial services company, specializing in three main business lines: operating leasing, factoring and auto and other lending. Through UNIFIN’s leasing business line, its core business line, the Company offers operating leases for all types of equipment and machinery, various types of transportation vehicles (including cars, trucks, helicopters, airplanes and other vessels) and other assets in a variety of industries. Through its factoring business line, UNIFIN provides liquidity and financing solutions to its customers by purchasing or discounting accounts receivable and by providing vendor financing. UNIFIN’s auto loans business line is focused on financing the acquisition of new and used vehicles.

Share our news:

LinkedIn
Twitter
WhatsApp
Email

Latest News

[hubspot type=form portal=6135587 id=ac859e78-dc50-4cb5-8405-98ba8832f825]