Press Release

MARF admits to trading a new bond issue programme by AUDAX

31 May, 2017

Audax Energía launches a new Bond Issue Programme in MARF for a maximum amount of €100 million, which will allow it to continue raising funds through medium and long term securities issues. Following the €50 million Commercial Paper Programme registered in January this year, the company continues to rely on the securities markets to diversify its sources of financing.

The Programme establishes a framework whereby successive issues of Fixed Income securities denominated in euros can be launched over the course of a year, with different maturities, structures and coupons, their individual terms and conditions will be fixed according to market conditions.

Bankinter and Beka Finance act as Coordinators and Placement Entities for the Programme. PKF Attest is the Registered Adviser and J&A Garrigues and CMS Albiñana & Suarez de Lezo have respectively advised the issuer and the Placement Entities on the Programme registration process.

Axesor Rating has granted Audax a stable, BBB- rating.

Audax was incorporated in 2007 and as a result of the liberalisation of the Spanish electricity market in 2009 it began to provide electric energy commercialisation services to individuals, private companies and other public sector bodies: it has more than 64,000 customers in Spain.

Audax started its international expansion in 2014 with acquisitions in Portugal, Italy, Germany and Poland. Last March, the company bought 71.97% of Parstream ("Main Energie") and entered the electricity and gas distribution segments of the Dutch SME market, including the real estate and agriculture sectors.

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