SAMPOL Group has renewed for the third consecutive year its Commercial Paper Programme on the Alternative Fixed Income Market (MARF), with a term until 18 February 2024.
The programme will allow SAMPOL to maintain the diversification of its sources of financing, through the issuance of Promissory Notes for up to two years, with unit notional amounts of €100,000 and a maximum outstanding amount of up to €50 million.
In this way, SAMPOL will have alternative financing tools that will help to undertake the national and international projects in which the company is immersed, boosting its working capital and expanding the company’s financial capabilities.
The issue is supported by the positive financial solvency of the company and the improvement of the long-term credit rating issued by the rating agency EthiFinance in December 2022, whose rating improves from BBB- to BBB, maintaining the Stable trend.
Grupo SAMPOL is a Majorcan family-owned multinational company specialising in the development and implementation of applied engineering projects in the field of energy, with a strong focus on renewable energies and hybrid cogeneration with photovoltaic and hydrogen, electromechanical installations, telecommunications and automation and systems integration both nationally and internationally, and in the airport, hotel and industrial sectors.
AFI acted as Registered Advisor, Beka Finance as Paying Agent and Beka Finance and Bestinver as Placement Entities, with GA_P providing Legal advice to the issuer.
GA_P advised SAMPOL with a team led by Corporate M&A partner and Capital Markets co-head Guillermo Guerra, together with lawyer Irene Medina de Alba. GA_P also advised SAMPOL on previous CP Programmes renewals.
