Ontime registers first commercial paper program on MARF

Spain

Cuatrecasas advises Ontime and Bankinter on registering a commercial paper program on MARF for a maximum outstanding balance of €75 million

Ontime registers first commercial paper program on MARF
September 14, 2022
Cuatrecasas has advised logistics company Ontime, and Bankinter as lead arranger, on registering a commercial paper program on the Spanish Alternative Fixed-Income Market (MARF) for a maximum outstanding balance of €75 million.

The commercial papers issued by Ontime will have a personal, joint and several guarantee, on first demand, provided by several of the group’s companies which, in turn, meet general corporate needs.

The Cuatrecasas team advising Ontime and Bankinter was led by Finance partner Jaime de la Torre, assisted by lawyers Jaime Juan Rodríguez and Jerónimo Poza.

September 14, 2022