Cuatrecasas has advised the logistics company Ontime and Bankinter on the incorporation of a promissory note programme in the Mercado Alternativo de Renta Fija (MARF) for a maximum outstanding balance of €75 million.
The promissory notes issued by Ontime will have a personal, joint and several guarantee, on first demand, provided by several group companies which, in turn, meet its general corporate needs.
Ontime is a company specialised in customised integrated logistics for large corporations. Services offered include transport and logistics, passenger transport, document management and confidential destruction, call centre, online certified shipments, commercial platforms and outsourcing of general, commercial and construction services.
Bankinter, founded in 1965, offers a wide range of financial products and services, as well as customer advice, aggregators, product simulators and a wide variety of value-added services.
Cuatrecasas advising team was led by the partner of the Finance Department, Jaime de la Torre Viscasillas (pictured) and assisted by the lawyers, Jaime Juan Rodríguez Lozano and Jerónimo Poza Anguís.