MARF admits €50 million commercial paper program from Aludium

Cuatrecasas has advised Aludium Transformación de Productos, S.L.U., on registering  a €50 million corporate commercial paper program with the Spanish Alternative Fixed-Income Market (MARF). Framed within its strategy of diversification and cost optimization of funding sources, this program is the first CP program to be registered by the company with MARF, aimed at expanding its access to qualified investors. The CPs to be issued under the program will have maturities ranging from three days to a maximum of two years. 

Aludium is engaged in the industrial manufacturing of all types of special products of aluminum and its alloys, in any form or composition. The company has three plants and a leading aluminum R&D center. In addition to its own production, Aludium distributes third-party products, operating in strategic sectors such as energy and thermal insulation, construction, packaging, tools and devices, and transport.

The Cuatrecasas team advising on this transaction was made up of lawyers Miguel Cruz and Jerónimo Poza..