MARF, BME’s Fixed Income market, today registered a new commercial paper (CP) programme by Tradebe’s holding company, Grupo Tradebe Medio Ambiente, which thus becomes the first company to register a new commercial paper programme on MARF in 2019. With this new facility for the continuous issuance of CPs over a year, Tradebe Environmental Services will have a maximum outstanding balance of up to 50 million euros available at any time, which will allow it to cover terms of up to two years.
PKF Attest is Tradebe’s Registered Advisor with MARF and Banco Santander, Beka Finance, Fidentiis Equities and Norbolsa participate as the Programme’s Collaborating Entities. Banco Santander will be the Payment Agent and J&A Garrigues has legally assisted Tradebe in this transaction.
Axesor Rating has granted the issuer a BB corporate rating with stable outook.
Tradebe Environmental Services is a leading international operator in the provision of environmental services to industries. - Since its creation, in 1984, it has specialised in the provision of services through the prevention, reduction, collection, treatment, recovery, recycling and/or disposal of wastes from various industrial and productive activities. Structured into three business units, it is widely diversified geographically, with a presence in Europe (Spain, United Kingdom, France & Germany), Americas (United States Peru, & Colombia) and Middle East (Oman), in which countries it has around 70 production plants and employs 2,500 workers. In 2017 Tradebe reported consolidated revenues of 421.3 million euros.