BME’s fixed income market, MARF, has admitted to trading a new Commercial Paper Program by Nueva Expresión Textil, Nextil, for 50 million euros. With this new commercial paper issuance, Nextil is accessing the fixed income markets for the first time by launching an initial issuance program that will allow it to carry out placements flexibly over the next twelve months. Nextil’s shares are listed on the stock exchange and are part of the IBEX Small Cap® index.
GVC Gaesco Valores is the Registered Advisor for the Program. GVC Gaesco itself and Renta 4 Banco will act as Placing Entities.
Gómez-Acebo & Pombo Abogados has been the Legal Advisor for the program’s registration.
The rating agency EthiFinance Rating has assigned the issuer a BB- corporate rating.
Nueva Expresión Textil, Nextil, is a company specialized in the manufacture and sale of all types of knitted fabrics made from natural, artificial or synthetic fibers, and whose production is structured through its three main business units: premium fabric, focused on the manufacture of premium elastic knit fabrics through warp knitting and circular knitting; luxury garments, for the development, tailoring and production of very high-quality knitwear; and Greendyes® ecological dyeing, a sustainable dyeing solution with natural-based pigments.
The Group carries out a series of specialized technical activities that form the basis of its industrial business model, with a strategic focus on innovation, sustainability and operational excellence. Through its various business units and its international presence in Spain, Portugal and Guatemala, Nextil develops the core of its value proposition and its strategic positioning in the global textile sector.
At the close of 2024, it achieved consolidated revenue of 24 million euros and EBITDA of 5.1 million.