- Given the investor appetite detected, the company expects to complete the issue after the summer and before the end of the current year.
- With this first bond issue on the Alternative Fixed Income Market (MARF), the company is making progress in optimising its financial structure as set out in the 2023-2026 Strategic and Transformation Plan.
- The bonds, issued for a term of 5 years and with a yield of 8.5%, are secured, investment grade (BBB- rating granted by EthiFinance Ratings S.L.) and are considered sustainability-linked bonds.
- Renta 4 Banco acted as registered advisor and paying agent, and JB Capital Markets as global coordinator of the issue.
Madrid, 23rd July 2024. Amper Group has closed the placement of a first issue of its 5-year Bond Programme in the Alternative Fixed Income Market (MARF) among qualified investors for an amount of 30.7 million euros.
Despite the difficulty of going public in July, the company has managed to place 30.7 million euros in this first issue, with a yield of 8.5%.
The bonds are considered sustainability-linked bonds and are linked to sustainability criteria in accordance with the Sustainability-Linked Bond Principles, as published by the International Capital Markets Association (ICMA).
The bonds are also secured by assets of the Group of sufficient value and have an investment grade rating (BBB-) awarded by EthiFinance Rating.
Following this good reception, the company expects to complete its placement target after the summer, and before the end of the current year, through a second tranche, having detected investor appetite for it.
This first tranche of the bond issue in the MARF allows the company to advance in the optimisation of its financial structure and in the gradual replacement of the programme of promissory notes by long-term bonds issued to qualified investors.
This optimisation of the financial structure is included in the Strategic and Transformation Plan 2023-2026, which has been in operation for more than a year and which aims to bring Amper Group’s revenues to more than 880 million euros and EBITDA to 100 million euros by the end of the Plan.
According to Enrique López, CEO of the Amper Group, “with the process of optimising the financial structure underway, we are underpinning our Strategic Plan, whose main objectives are to position ourselves as the Spanish company of reference for its technological, industrial and engineering capabilities in the Defence, Security and Communications, and Energy and Sustainability sectors”.
In this first tranche of Amper’s bond issue in the MARF, JB Capital Markets, Ever Capital Investments, Renta 4 Banco, and Auriga Global Investors have participated as underwriters.