Cuatrecasas advises on the incorporation of the €1.2b promissory note program of El Corte Inglés
Cuatrecasas has advised El Corte Inglés on the incorporation of a promissory notes program in the Mercado Alternativo de Renta Fija (MARF) for a maximum outstanding balance of 1.2 billion euros, with which the company will be able, among other things, to diversify its sources of financing and optimize its costs.
The notes to be issued under this program will be sustainability-linked notes, in accordance with the Sustainability-Linked Finance Reference Framework approved by ECI. The securities incorporation document was registered with the MARF on December 1, 2023.
The Cuatrecasas team in charge of the advice was led by Miguel Cruz, a partner in the finance practice, with the support of lawyers Jerónimo Poza and Ignacio Rebollo.
