UNIFIN SIGNS NEW CREDIT LINES FOR A TOTAL AMOUNT OF USD $130 MILLION

Mexico City, January 26, 2022 – UNIFIN Financiera, S.A.B. de C.V. (BMV: UNIFINA) (“UNIFIN” or the “Company”) announces the closing of four credit lines for a total principal amount of USD $130 million (approximately Ps. 2.7 billion).

On December 22, 2021, and January 25, 2022, UNIFIN signed two sustainable funding credit agreements, both with five-year terms. The first was with ResponsAbility Investments AG for USD $10 million and the second was with Proparco, the private sector financing arm of AFD Group (Agence Française de Développement), for a principal amount of USD $65 million.

UNIFIN reinforces its commitment to finance projects in clean energy, energy efficiency, sustainable agriculture, and financial inclusion for SMEs in Mexico through these facilities.

In addition, UNIFIN obtained two loan increases from a commercial bank and an investment bank for USD $50 million and USD $5 million, respectively.

Closing these transactions is part of the Company’s financing strategy, which aims to diversify its funding sources and consolidate its financial strength in developing the Mexican SME market.

UNIFIN will use these newly obtained resources to develop its business pipeline, improve liquidity levels, and reinforce its commitment to delivering sustainable operations.

 

Miranda Newswire – Full Press Release: Download PDF

 

Contact information

Grecia Dominguez

Fernanda Molina

Tel: +52 (55) 4162.8270
unifin_ri@unifin.com.mx
Website: www.unifin.com.mx

 
About the Company
UNIFIN is the leading independent Mexican leasing company, operating as a non-banking financial services company. UNIFIN´s main business lines are leasing, factoring, auto loans, structured finance, working capital 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.
 
Forward Looking Statements
This document may contain certain forward-looking statements. These statements are non-historical facts, and they are based on the current vision of the Management of UNIFIN Financiera, S.A.B. de C.V., for future economic circumstances, the conditions of the industry, the performance of the Company and its financial results. The terms “anticipated”, “believe”, “estimate”, “expect”, “plan” and other similar terms related to the Company, are solely intended to identify estimates or predictions. The statements relating to the declaration or the payment of dividends, the implementation of the main operational and financial strategies and plans of investment of equity, the direction of future operations and the factors or trends that affect the financial condition, the liquidity or the operating results of the Company are examples of such statements. Such statements reflect the current expectations of the management and are subject to various risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on several suppositions and factors, including economic general conditions and market conditions, industry conditions and various factors of operation. Any change in such suppositions or factors may cause the actual results to differ from expectations.

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