Unifin, the largest non-banking financial company in the country in terms of portfolio, announced that it will seek to restructure its debts with creditors as a result of the bad economic conditions experienced by the company and the non-bank financial sector in the country. crosses through.
In a statement sent to the Mexican Stock Exchange (BMV), the company also stated that it would suspend the payment of interest and principal on its debt during periods of negotiation with its lenders.
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He explained that “the company has taken a decision not to pay interest and capital on its debts as of this date and during the period necessary to negotiate final agreements with creditors regarding strategic restructuring in an orderly and consensual manner.” Finance
It added that it intends to negotiate and finalize financing, refinancing, investment and potential capitalization through its investors without diverting the normal course of its operations.
Unifin is a financial company with over 29 years of operations, dedicated to leasing and financing small and medium-sized businesses in Mexico, which started trading on BMV in 2015.
Its board of directors is chaired by Rodrigo Leboa Mateus, while the current general management is held by Sergio Camacho.
He indicated in his statement that “the company is actively working on analyzing various strategies that focus on maintaining and increasing sources of income and financing, optimizing costs and effective use of its resources, in light of the difficult environment in which it is currently operating.” Send it to BMV.
According to Unifin Financial, during the restructuring process, advice will be provided by Rothschild & Co. and AlixPartners, Sainz Abogados, Skadden, Arps, Slate, Meagher & Flom, LLP.
Unifin’s status will be added to that of Crédito Real and Alpha Credit in the non-bank financial sector, as these two companies have also recently gone through a similar financial position.
Credito Real announced two weeks ago that it is in the process of filing for bankruptcy law in the United States.
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