Cuatrecasas advises Urbas on registering bond program on MARF with maximum outstanding balance of €200
Cuatrecasas has advised Urbas Grupo Financiero, S.A. (“Urbas”) on registering a bond program on the Spanish Alternative Fixed-Income Market (MARF) with a maximum outstanding balance of €200 million. The listing document was registered with MARF on January 17.
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.
The transaction will also enable Urbas to diversify its financing sources, increase its working capital, reduce its financing costs and reinforce its growth potential.
The Cuatrecasas team advising Urbas on the legal aspects of the process was led by Jaime de la Torre
, partner of Finance Practice, with the support of the lawyers Gonzalo Terceño and Jerónimo Poza. Handling the tax aspects were Rebeca Rodríguez
, partner of Tax Practice, and the lawyers Javier Calle
and Bruno de la Pedrosa.