Greenalia registers green commercial paper program with MARF

Cuatrecasas has advised Greenalia, S.A. on registering a green commercial paper program with the Spanish Alternative Fixed-Income Market (MARF), with a maximum outstanding balance of €100 million. The commercial papers issued in this program will be considered green under the Green Bond Principles (GBP) and Green Loan Principles (GLP).

This issue will enable the company to strengthen its position as a green finance pioneer. The completion of the transaction marks its first commercial paper program with the MARF. Banco Santander acted as lead arranger and Banca March as collaborating entity.

The Cuatrecasas Madrid office team advising on this project was made up of lawyers Jaime de la Torre, Miguel Cruz, Rebeca Rodríguez, Lucía Millán and Gonzalo Terceño.