GAM registers bond program on Spanish Alternative Fixed-Income Market (MARF) with outstanding balanc

2023-05-24T12:11:00
Spain

Cuatrecasas advises GAM on incorporating bond program on MARF for maximum outstanding balance of €100 million

GAM registers bond program on Spanish Alternative Fixed-Income Market (MARF) with outstanding balanc
May 24, 2023
Cuatrecasas has advised General de Alquiler de Maquinaria, S.A. (GAM) on incorporating a bond program on the Spanish Alternative Fixed-Income Market (MARF) with a maximum outstanding balance of €100 million, under the protection of which GAM will be able to carry out one or successive bond issues, according to the incorporation document it registered on MARF on May 19. 

The company will use the financing obtained for new investments and acquisitions, as well as to finance new projects, take on new market opportunities in the future and continue making progress with its expansion plan.

This transaction will allow GAM to diversify its sources of financing and, at the same time, increase working capital, reduce financing costs and strengthen its growth potential. 

The Cuatrecasas team providing legal support to the company in this process was led by Finance partner Miguel Cruz, with the support of the lawyer Gonzalo Terceño Alonso. 

May 24, 2023