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Saturday, March 25, 2023
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Cuatrecasas guides Teknia´s €30m CP Programme renewal on MARF

Cuatrecasas has acted as Legal Advisor to manufacturing group Teknia on the renewal of a Commercial Paper Programme on MARF for €30 million

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Teknia Manufacturing Group (Teknia) has registered a Commercial Paper (CP) Programme on MARF, which will be issued under the “Commercial Paper Programme Teknia 2023”.

Banca March acts as Lead Arranger. Bankinter, Banca March and PKF Attest act as Dealers, and Bankinter as Paying Agent, with Cuatrecasas acting as Legal Advisor and Banca March as Registered Advisor.

The maximum outstanding balanace of the CP Programme is €30 million, with each Commercial Peper having a nominal value of €100,000, meaning that the maximum number of Commercial Paper in circulation at any given time shall not exceed 300.

The term of the Programme is of one year from the date of incorporation to MARF.

Teknia is a multinational Group specialised in manufacturing metal and plastic components for mobility solutions using a wide range of technologies. The Group was founded in 1992 as a global supplier for the automotive industry and currently employs more than 3,000 people at 22 plants in 12 countries. The Group’s customers include the world’s leading vehicle manufacturers as well as other Tier-1 suppliers in the industry. In 2021, Teknia’s turnover amounted to €324 million.

Cuatrecasas advised Teknia with a team made up of partners Jaime de la Torre Viscasillas
and Rebeca Rodríguez Martínez, together with lawyers Gonzalo Terceño Alonso, Matías Serrano Camacho and Laura Barandiarán Garro.

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