Dollar bonds of Unifin Financiera jumped over 20% yesterday after news that it received a $500mn equivalent credit line in pesos from Credit Suisse. Also, the Mexican company is said to be finalizing an agreement with bondholders to extend the maturity of its 7% bonds due August 2022 notes to May 2024. The credit line consists of $300mn in a term loan and $200mn in a revolving loan. The positive update comes just days after its dollar bonds fell 5-8 points on reports that the company was yet to follow up on plans to boost its liquidity.
Unifin’s Dollar Bonds Jump over 20% on $500mn Credit Line from Credit Suisse
