PRESS RELEASE

RESTABELL becomes new issuer in MARF

  • The restaurant sector company opens a €15-million bond programme
  • Restabell brings to 48 the number of companies that have used MARF, BME’s Fixed Income market for SMEs financing  

Restabell Franquicias today launched a new bond programme on MARF, BME’s Fixed Income market for SMEs. With this addition, the number of companies that have relied on MARF to raise funds stands at 48.

Through this new financial facility, during the next 12 months the company will be able to issue successive senior and guaranteed subordinated bonds, with different financial structures and maturities, up to 15 million euros. The programme is aimed at raising finance for the opening of new Taco Bell restaurants under its expansion plan.

Intermoney Valores acts as Registered Advisor and Global Programme Coordinator, and will be the Placement Entity for any future issues. EBN Banco de Inversiones will act as the bonds’ Payment Agent. The legal adviser has been law firm Gómez-Acebo & Pombo.

The issuer has a B + corporate rating, stable outlook, granted by Axesor Rating. The issues launched under the Programme could reach a BB- bond rating with the personal guarantee provided by Netco Investment, Restabell’s shareholder.

Restabell carries out its activities in the fast-food restaurant market in Spain, where it manages the Taco Bell tex-mex food brand and owns 42 restaurants. The company operates under the franchise model and, currently is the only franchisee in Spain. Last June, it signed a new master franchise contract with Yum! which authorises it to sub-franchise the Taco Bell brand to other operators.