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Sunday, May 28, 2023
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Cuatrecasas advises GAM on €100m bond programme incorporation in MARF

Cuatrecasas has advised General de Alquiler de Maquinaria, S.A. (GAM) on the incorporation of a bond programme in the Mercado Alternativo de Renta Fija (MARF) for a maximum outstanding balance of €100 million

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Under this bond programme, GAM may make one or successive bond issues in accordance with the incorporation document registered in the MARF on 19 May.

The funds raised will be used to make new investments and acquisitions, as well as to finance new projects, address various market opportunities that may arise in the future and continue to advance the company’s expansion plan.

This transaction will allow GAM, among other actions, to diversify its sources of financing and, at the same time, increase working capital, reduce financing costs and strengthen its growth potential.

The Cuatrecasas team that provided legal support to the company in the process was led by partner Miguel Cruz with the support of lawyer Gonzalo Terceño Alonso.

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