Kuri Breña, Sánchez Ugarte y Aznar (KB) advised PACCAR Financial México, S.A. de C.V. (PFM; BMV: PCARFM) in the structuring and implementation of a MXN$2 billion long-term notes (certificados bursátiles) issuance through the Bolsa Mexicana de Valores, S.A.B. de C.V. (BMV).
This is the second long-term issuance under a five-year, MXN$10 billion program, for which KB also acted as legal advisor to PFM. The issue was rated “AAA” by S&P Global Ratings and Fitch Ratings.
Santander and Scotiabank acted as placement agents, and CIBanco acted as common representative of the noteholders.
About PACCAR Financial México:
PACCAR Financial México (PFM) is Mexico’s oldest automotive cargo transport finance firm, with more than 50 years of experience. PFM provides a full range of innovative finance products tailored to the unique needs of its clients, including financing services on the sale of PACCAR’s premium-quality new and used vehicles in North America.
KB team:
Guillermo Garay (partner)
José A. Casas (counsel)
