MAXAM to issue commercial paper programme in MARF for an outstanding amount of €100 million

MAXAMCorp Holding has registered a Programme to Issue CPs in the Alternative Fixed-Income Market (MARF) which will allow it to have an outstanding amount of these instruments of €100 million in a year, in order to diversify its sources of financing. 

Under this new programme, MAXAM can launch individual issues of CPs with a face value of €100,000 and a maximum term of up to two years. 

The Commercial Paper Programme has been coordinated by Banca March in its capacity as ‘Sole Lead Arranger’, which also acts as Registered Advisor of MAXAM. The J&A Garrigues law firm has advised the issuer on the legal aspects of the issue. 

MAXAMCorp Holding is the leading company of a corporate group dedicated to the development, manufacturing and marketing of explosives, products and services for mining and the defence industry; and key raw materials in nitro chemical activity and safety and environmental solutions. It has more than 140 companies in the five continents, with industrial facilities in 45 countries and employs 6,500 workers. The consolidated turnover of the Group for the accounting period ended in March 2016 amounted to €1,051 million, with EBITDA of €149.5 million.