Tuesday, May 21, 2024

Cazorla guides AENOR´s debut on MARF with a €25m CP Programme

Cazorla Abogados has advised AENOR on the registration of a €25 million Commercial Paper Programme in MARF


BME’s Fixed Income Market, MARF, has admitted a new Commercial Paper (CP) Programme for €25 million from certifier AENOR Internacional. This is the first time AENOR has accessed the capital markets to raise finance and diversify its resources. The CPs to be issued under the programme will have a nominal value per unit of €100,000 and maturities of up to two years.

Beka Finance is participating as Sole Arranger and Placement Entity under the programme and it also acts as Payment Agent. VGM Advisory is the Registered Advisor in MARF.

Cazorla Abogados has provided legal advice to AENOR in the registration of the programme.

AENOR has received a long-term corporate rating of BB+ with stable trend from EthiFinance Rating.

According to Rafael García Miero, CEO of AENOR, the programme “aims to foster the inorganic growth necessary to create an Ibero-American Conformity Assessment Platform, which will consolidate us as a reference in the creation of trust in this market.”

AENOR is a professional services company that aims to contribute to the transformation of society by creating trust between organisations and people, through conformity assessment services (certification, inspection and testing), training and information.

More than 87,000 work centres around the world hold one of AENOR’s certificates in fields such as Quality Management, Sustainability, Verification of Non-Financial Information, Animal Welfare, Occupational Health and Safety, Digitalisation and Compliance. AENOR is a global corporation, which already operates in 87 countries. In Spain it has 19 offices in all Spanish regions, with its own auditors. As a business group it comprises subsidiaries in Mexico, El Salvador, Dominican Republic, Peru, Ecuador, Chile, Brazil, Portugal, Italy and China.

AENOR Internacional reported a consolidated turnover in 2021 of €88.2 million and an EBITDA of €4.5 million.

Cazorla Abogados advised AENOR with a team led by managing partner Luis Cazorla, together with associates Pablo del Baño and Jaime de Andrés.

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