Guide Exitus Capital in the MXN 1 billion Trust Certificate release
In a significant move, Exitus Capital, S.A.P.I. de C.V., SOFOM, E.N.R., has announced the issuance of MXN 1.0 billion trust certificates (certificados bursátiles fiduciarios) under its existing MXN 8 billion securitization program. The Mexican Banking and Securities Commission has authorised this program, which allows Exitus to securitize its collection rights from credit, factoring, and leasing agreements.
This marks Exitus Capital's sixth public issuance of trust certificates. The certificates, issued with a maturity date in 2030, have a floating rate of TIIE de Fondeo + 3.50% and are listed on the Mexican Stock Exchange.
Global law firm White & Case LLP played a pivotal advisory role in this transaction, representing Exitus Capital. The firm's team in Mexico City, led by Capital Markets partner Juan Antonio Martin, provided legal advice on the issuance structure, regulatory compliance, and documentation to successfully complete the MXN 1 billion issuance. Counsel Jorge Escalante and associate Viridiana Alanis Carrera were also part of the White & Case team.
The issuance of these trust certificates reinforces Exitus Capital’s position in the public debt market and White & Case’s expertise in advising on complex securitization and capital markets transactions in Mexico.
Jorge Escalante specializes in Capital Markets, Investment Funds, Private Wealth & Family Offices, Debt Finance, Asset Finance, and Derivatives. Viridiana Alanis Carrera specializes in Capital Markets. Juan Antonio Martín specializes in Capital Markets, Financial Services Regulatory, Fintech, and Financial Institutions. All members of the White & Case team are based in Mexico City.
For further inquiries, press contact information is available. The trust certificates are part of a program that establishes the framework for securitizing Exitus's collection rights arising from credit, factoring, and leasing agreements. The trust certificates, listed on the Mexican Stock Exchange, are due in 2030.
- White & Case LLP, a global law firm, played a crucial role in Exitus Capital's latest trust certificates issuance, providing advisory services.
- The issuance of MXN 1 billion trust certificates by Exitus Capital marks its sixth public issuance and strengthens its presence in the public debt market.
- The team in Mexico City, led by Capital Markets partner Juan Antonio Martin, represented Exitus Capital in this transaction.
- Counsel Jorge Escalante and associate Viridiana Alanis Carrera were also part of the White & Case team, bringing their expertise in Capital Markets to the table.
- The trust certificates have a maturity date in 2030, and their issuance structure, regulatory compliance, and documentation were successfully handled by the White & Case team.
- The Mexican Banking and Securities Commission has authorized Exitus Capital's securitization program, which allows the firm to securitize its collection rights from credit, factoring, and leasing agreements.
- The trust certificates, listed on the Mexican Stock Exchange, are part of a program that outlines the framework for securitizing Exitus's collection rights.
- White & Case's expertise in complex securitization and capital markets transactions, along with their deep industry knowledge, was instrumental in the successful completion of the MXN 1 billion issuance.
