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Bladex Leads Lenders in $73.5MM Term Loan for Unifin

July 06, 2016, 07:24 AM
Filed Under: Lender Finance

Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced the recent closing of a three year, U.S.$73.5 million, senior secured syndicated facility, comprising a U.S. Dollar tranche and a Mexican Peso tranche, in favor of Unifin Financiera, S.A.B. de C.V., SOFOM, E.N.R. ("Unifin" or the "Company").

Listed in the Mexican Stock Exchange, Unifin was founded in 1993 and is currently the largest independent operating leasing company in Latin America.  Unifin specializes in three main business lines: operating leasing, factoring, auto loans and other loans.  The Company is rated ´BB´ (global scale) by both Standard & Poor´s and Fitch.

Bladex acted as sole lead arranger and bookrunner in the facility, and will also be the administrative and collateral agent.

The transaction attracted the interest of a number of Latin American financial institutions, and marks the first international syndicated loan for Unifin.

Alejandro Jaramillo, Head of Loan Structuring and Distribution at Bladex, stated: "Bladex is very pleased to have successfully executed this syndicated loan for Unifin, which delivered access to new sources of funding for this leading Latin American leasing company.  This transaction adds to Bladex's impressive track record, highlighting its syndication capabilities across diverse business sectors throughout the Region."

Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, initiated operations in 1979 to promote foreign trade finance and economic integration in the Region.  The Bank, headquartered in Panama, operates throughout the Region with offices in Argentina, Brazil, Colombia, Mexico, Peru, and the United States of America, to support the expansion and servicing of its client base, which includes financial institutions and corporations.

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