White & Case advises TRATON on two issuances for a total of MXN 2.5 billion

Global law firm White & Case LLP acted as legal advisor to TRATON Financial Services Mexico, S.A. de C.V., SOFOM, E.R. (BMV: TFSMX), on its fifth and sixth notes issuances, for a total aggregate amount of MXN 2.5 billion (approximately US$125 million), in the Mexican market.

These issuances were made under the revolving short and long-term shelf registration program authorized for TRATON and extended to a total aggregate amount of MXN 8 billion (approximately US$400 million). The fifth issuance will accrue interest at a variable rate of overnight interbank benchmark rate (TIIE Fondeo) + 110 basis points, and the sixth issuance will accrue interest at a fixed annual rate of 10.66 percent.

TRATON is a subsidiary of TRATON SE, a global company operating in the automotive industry. TRATON provides vehicle financing solutions, leasing services, insurance products and fleet management services to support the transportation and logistics sectors.

The White & Case team was led by partners Henri Capin and Eduardo Flores, local partner Alfonso Vargas, counsel Jorge Escalante, and associates Jorge Olivares and Regina Bohon (all in Mexico City).

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