The fixed income market of BME, known as MARF, has incorporated a new Commercial Paper Program for Nextil Textil Expression (Nextil) for an amount of 50 million euros. This issuance represents the company’s first access to the fixed income markets, offering them the ability to carry out flexible commercial paper placements during the next year.
Nextil, whose shares are listed on the IBEX Small Cap® index, specializes in the manufacturing and commercialization of knit fabrics made from natural, artificial, and synthetic fibers. Its production is divided into three business units: premium fabric, which focuses on the creation of high-end stretch fabrics; luxury garments, which focus on the development of high-quality knitwear; and eco-friendly dyeing Greendyes®, which uses natural origin pigments as part of a sustainable process.
The program has been backed by GVC Gaesco Valores as a Registered Advisor, while GVC Gaesco and Renta 4 Banco have played the role of Placement Entities. In addition, the firm Gómez-Acebo & Pombo Abogados has provided legal advice for the program registration. The rating agency EthiFinance Rating has awarded Nextil with a corporate rating of BB-, highlighting its positioning in the market.
With a strategic focus on innovation, sustainability, and operational excellence, Nextil has implemented various technical actions that strengthen its industrial business model. The company maintains an international presence in Spain, Portugal, and Guatemala, where it solidifies its value proposition in the global textile sector. By the end of 2024, Nextil reported a consolidated turnover of 24 million euros, along with an EBITDA of 5.1 million euros.
via: MiMub in Spanish