Mexican financial services firm Unifin completes a $200m deal after a $450m bond sale in July
Unifin said it has issued $200m in new notes through a private placement under Rule 144A and Reg S in the US market.
The three-year notes priced with a fixed rate of 7% per year, "showing the markets' confidence in the company, its strong fundamentals and positive growth outlook," Unifin said in a statement.
Unifin said it will use the proceeds to pay off short-term debt and extend its debt maturities. It did not name the buyer or the bookrunners on the private placement.
S&P Global assigned the notes a BB rating, saying it expects Unifin to lower debt levels to 7.1 times EBITDA by the end of 2020 from 7.7 times EBITDA in June this year.
