UNIFIN Prices Initial Public Offering and Begins Trading on Mexican Stock Exchange

MEXICO CITY--(BUSINESS WIRE)-- UNIFIN Financiera, S.A.B. de C.V. SOFOM, E.N.R. (BMV: UNIFIN) (“UNIFIN” or “the Company”), the leading independent leasing company in Latin America, announced today the pricing and results of its initial public offering (“IPO”).

UNIFIN’s IPO consisted of a public offering in Mexico by the Company and some of its shareholders through the Mexican Stock Exchange, and a private share placement with international institutional investors in the U.S. and other locations under Rule 144A and Regulation S under the U.S. Securities Act of 1933.

The offering consisted of 112,000,000 shares offered at a price of Ps. 28.00 per share, yielding an aggregate value of the offering of Ps. 3,136.0 million, excluding the over-allotment option. As a result of the offering, UNIFIN’s shares began trading today on the Mexican Stock Exchange under the ticker symbol “UNIFIN”.

Of the total shares offered, 50% were newly-issued treasury shares, while 50% were outstanding shares sold by some of the shareholders of the Company. 37.9% of the offered shares were sold to Mexican investors through the Mexican Stock Exchange, and 62.1% were purchased by international institutional investors outside of Mexico. The offering drew significant interest from investors in Mexico and abroad. As of the closing of the book-building process, the offering was multiple times oversubscribed, with demand coming from an optimal mix of high-quality domestic and international institutional investors, and retail investors. The IPO priced above the midpoint of the range.

The net proceeds of the primary offering will be used to strengthen the Company’s capitalization, support future growth and the remainder, if any, for general corporate purposes.

Credit Suisse acted as sole coordinator of the global offering and joint bookrunner with Citi and UBS acted as Co-Manager for the international offering. Credit Suisse, Accival, Banorte IXE, Scotiabank, Actinver and UBS acted as lead underwriters of the domestic offering.

Luis Gerardo Barroso, Chief Executive Officer of UNIFIN, stated: “We are pleased to announce that today we have successfully completed UNIFIN’s IPO, achieving an important milestone in the Company’s growth story. This transaction consolidates our position as a leading independent operating leasing company in Latin America. Our team is excited to continue our ambitious growth strategy for our operating leasing, factoring and other lending businesses, delivering healthy returns to our shareholders in the coming years.”

About UNIFIN

UNIFIN is the leading independent leasing company in Latin America, 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.

This press release does not constitute an offer to sell securities in the United States. The shares may not be offered or sold in the United States absent registration under the Securities Act of 1933, as amended, or an exemption from registration therefrom.

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., SOFOM, ENR 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005636/en/

Investor Relations
José María Muñiz Liedo, +52 (55) 5249.5805
Chief Institutional Relations Officer
[email protected]
or
David Pernas Sánchez, +52 (55) 5249.5805
Investor Relations Officer
[email protected]
or
In New York
i-advize Corporate Communications
Juan C Gómez Stolk, +1 (646) 462 4517
[email protected]

[email protected] Web Page: www.unifin.com.mx

Source: UNIFIN

You May Also Be Interested In

• TechnipFMC (FTI) Tops Q1 EPS by 6c, provides guidance
• Morphic Announces Corporate Highlights and Financial Results for the First Quarter 2024
• Valley National Bancorp (VLY) Misses Q1 EPS by 1c