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Extrusiones Metálicas Europea

presented by October Spain

€1,560,000

6.5%

60 months

B

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location

Location

Valladolid, Spain

activity

Activity

Industry

Presentation of the company

Created in 2014, EXTRUSIONES METALICAS EUROPEA SL, is active in the aluminum profile extrusion sector. The company, managed by Maria Paz Hernandez, has 120 employees and is based in Valladolid.

Mrs. Maria Paz Hernandez, financial director acting as general manager, has overall 8 years of professional experience in the aluminum profile extrusion sector. Previously, she was financial director at METALES EXTRUIDOS SL company.

The company’s main activity is:

  • The production and sale of aluminum profiles.

The company works with a diversified base of recurrent clients.

Project Description

The company requests 1.560.000 € with 9 months of deferred repayment to finance the explansion of its production plant to install a new extrusion press. This project will be realised this semester.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of EUR 2. 000. 000. Our analysis takes this into account that the rating of the borrower would not be affected, while the FCCR would become 1.18.

This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 9 months, the lenders will only receive interest; the following 51 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.

The amount offered on the platform is limited to 764.400€, which is in line with the regulatory limits.