El Corte Inglés registers commercial paper program on MARF worth €1.2 billion


Cuatrecasas advises El Corte Inglés on registering a €1.2 billion commercial paper program on MARF

December 12, 2023
Cuatrecasas has advised El Corte Inglés, S.A. (ECI) on registering its commercial paper program with the Spanish Alternative Fixed-Income Market (MARF), for a maximum outstanding balance of €1.2 billion. This will enable the company to diversify its funding sources and optimize its costs.

The commercial paper issued under this program will be linked to sustainability, within the Reference Regulatory Framework for Sustainability-linked Financing approved by ECI. The listing document was registered with MARF on December 01, 2023.

The Cuatrecasas team advising on this transaction was led by Corporate Finance partner Miguel Cruz, with the support of lawyers Ignacio Rebollo and Jerónimo Poza. 

December 12, 2023