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Instalaciones Especiales de Publicidad Exterior #2

presented by October Spain

€949,466

5.5%

48 months

B+

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location

Location

San Sebastián de los Reyes, Spain

activity

Activity

Information & Communication

Presentation of the company

Created in 2005, INSTALACIONES ESPECIALES DE PUBLICIDAD EXTERIOR SL is active in the Advertising agencies sector and part of the REDEXT group. The company, managed by Jose Luis Durán has 30 employees and is based in San Sebastian de los Reyes, Madrid. REDEXT group is created in 2005.

Mr. Jose Luis Durán, managing director, has overall 20 years of professional experience in the sector.

The group’s main activity is:

  • operates a network of largeformat advertising billboards around large cities in Spain.

The group works with a diversified and recurrent client base of big national and international companies and large media agencies.

Project Description

The company requests 949. 466 € with 3 months of deferred repayment to finance the second phase of their 2021 investments, including the installation of new digital posts. This project will be realised this quarter.

As a reminder, the October lending community supported Instalaciones Especiales de Publicidad Exterior in November 2020 with 1. 037. 667€ to finance the first phase of their investments.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

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 3 months, the lenders will only receive interest; the following 45 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 465238,144650825€, which is in line with the regulatory limits.