Cuatrecasas has advised Record Go Alquiler Vacacional on the registration of its first promissory note programme in the Alternative Fixed Income Market (MARF), with a maximum limit of €50m.
This will finance both working capital requirements and new projects at national level in the car rental sector of the holiday market.
With more than 20 years of experience, Record Go is a national car rental company that has become a global provider of mobility services. Today, it has its own network of offices in the main tourist destinations in Spain, Greece and Portugal.
The promissory note programme offered by the company is part of its strategy to diversify and optimise the costs of its sources of financing. The company can also make one or successive issues of promissory notes to qualified investors and professional clients on the MARF.
The team from Cuatrecasas advising Record Go was formed by the partner, Miguel Cruz (pictured) and the lawyers, Gonzalo Terceño and Miguel Ángel Gonzalo Salazar.