BME's Fixed Income Market, MARF, today admitted Record Go Alquiler Vacacional's new 50 million euro Commercial Paper (CP) programme. With this programme, the company debuts in the capital markets through MARF to diversify its funding sources and access new investors. The CPs to be issued under the programme feature a nominal amount per unit of 100,000 euros and a maturity of up to two years.
Banca March is participating as Sole Arranger, Registered Advisor and Placement Entity under the programme. Banca March itself will act as Payment Agent for the issues.
Cuatrecasas, Gonçalves Pereira has provided legal advice to the issuer on the programme and its admission to MARF.
Record Go Alquiler Vacacional is a Spanish car rental company. It has more than 20 years’ experience in this sector and its management philosophy is based on creating tailor-made products for each type of customer, integrating technology into the rental process and maximising value for money. It operates a broad-based business model in terms of the vehicle’s life cycle, from its acquisition from manufacturers and suppliers to its marketing and sale, including rental, which favors its level of integration. Record Go has physical marketing points in the main tourist destinations in Spain, Portugal and Greece.
In 2021 Record Go Alquiler Vacacional achieved total sales of 83.2 million euros and an EBITDA of 27 million euros.