UNIFIN Announces Hedging Conditions of Recent Bond Issuance

MEXICO CITY--(BUSINESS WIRE)-- Unifin Financiera, S.A.B. de C.V., SOFOM, ENR (“UNIFIN” or “the Company”), announced today that, in connection with the US$400,000,000 private offering and issuance of senior notes concluded on September 22, 2016 (“the 2023 Notes”), the Company has negotiated new terms for its cross-currency swaps used for hedging purposes.

Specifically, the 2023 Notes have been fully hedged for both principal and interest from issuance to maturity at an updated fixed rate of 8.30% and an exchange rate of Ps. 18.50 per U.S. dollar. These terms are intended to reduce the impact of macroeconomic volatility on UNIFIN’s margins due to increasing interest rates, improve its financing conditions and strengthen the market depth of its 2023 Notes, in line with the Company’s conservative risk management approach.

UNIFIN is satisfied with the new terms of its hedging instruments and reaffirms its commitment to the market to expand and generate new business. The market’s trust in the Company’s ability to generate value was evidenced by the oversubscription of UNIFIN’s 2023 Notes.

UNIFIN’s shares are listed on the Bolsa Mexicana de Valores under the ticker “UNIFIN A”.

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/20160926006496/en/

Investor Relations
UNIFIN
Jose Maria Muñiz Liedo, +52 (55) 5249.5805
Chief Institutional Relations Officer
[email protected]
or
David Pernas Sánchez, +52 (55) 4162.8270
Investor Relations Officer
[email protected]
or
In New York
i-advize Corporate Communications
Juan C. Gomez Stolk, +1 646-462-4517
[email protected]
or
[email protected]
www.unifin.com.mx

Source: UNIFIN

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