Corporate Finance
Whitecase
Full Credential Description
Global law firm White Case LLP acted as legal advisor to TRATON Financial Mexico, S.A. de C.V., SOFOM, E.R. (BMV: TFSMX), on its fifth and sixth notes issuances, totaling MXN 2.5 billion (approximately US$125 million) in the Mexican market. The client faced the challenge of expanding its financing capabilities under a revolving short and long-term shelf registration program, which was authorized for TRATON and extended to a total aggregate amount of MXN 8 billion (approximately US$400 million). To address this need, White Case facilitated the issuance of two sets of notes. The fifth issuance was structured to accrue interest at a variable rate of the overnight interbank benchmark rate (TIIE Fondeo) 110 basis points, while the sixth issuance was set at a fixed annual rate of 10.66 percent. This tailored solution not only provided TRATON with the necessary capital to support its vehicle financing solutions, leasing , insurance products, and fleet management but also positioned the company to better serve the transportation and logistics sectors in Mexico.