RyC steers Making Science´s first bond admission on MARF
Ramón y Cajal Abogados has advised the issuer (Making Science) in connection with the admission of a simple bond programme with a maximum outstanding amount of €30 million, registered with the Spanish multilateral trading facility for debt securities (MARF)
Making Science Group, SA today announced the registration of its first bond program for a value of up to €30 million in the Alternative Fixed Income Market (MARF). The issue, which will allow the company to diversify its current sources of financing, will be aimed at qualified investors.
Renta 4 Banco has acted as registered advisor, and Ramón y Cajal Abogados has acted as legal advisor in the registration of the aforementioned programme, Renta 4 Banco and EBN Banco de Negocios being the designated placement entities. This bond programme has a credit rating issued by AXESOR, a rating agency accredited by ESMA at the European level, which has granted the Bond Program a credit rating (“rating”) of BB with a positive trend.
The company will allocate the funds to continue developing the internationalization plan in which it is immersed. Specifically, the aim of the firm is to establish itself in the twenty most relevant advertising markets in the world in the next four years. Recently, Making Science has acquired several companies that have allowed them to promote, diversify their line of business and access a greater number of clients. Among the most recent operations, the acquisition of the Italian e-commerce platform Ventis stands out, which offers products related to fashion, food, wine and home.
The issuance of the Bond Program has been carried out in the execution of the agreement approved in the past Board of Directors held on July 23.
Ramón y Cajal Abogados´ team advising Making Science was made up of partner Andrés Mas (pictured left) and associates Miguel Sánchez (pictured top right) and Jesús Esteban (pictured bottom right).