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Europac has renewed its annual Commercial Paper Programme started on MARF in June 2014. This will allow the company to issue commercial paper with an outstanding volume of up to €50 million each time, individual nominal amounts of €100,000 and a maximum maturity of 2 years.
The renewal of the Commercial Paper Programme is coordinated by Banca March, which acts as Sole Lead Arranger and Registered Advisor for the issuer. J&A Garrigues has acted as Legal Advisor for the transaction.
EUROPAC is the parent company of a Group operating in all sectors of the paper and packaging cardboard industry. Its consolidated sales figure for 2014 was €775.1 million, its consolidated EBITDA €91.3 million and its net profit €24.8 million. In the first quarter of 2015 the company’s EBITDA reached €25.6 million and its net profit came in at €4.3 million. Grupo EUROPAC has been listed on the stock exchange since 1998.
