International Studies

Presentation of the company

CIS – International Studies is a company set up in 1985 active in the education sector. Managed by Maria Díaz de la Cebosa, has 33 employees and is based in Madrid.

Mrs. Maria Díaz de la Cebosa, managing director, has overall 25 years of professional experience in the sector.

The company’s main activity is:

• To provide American college education in Spain

The company works with a diversified customer base.

Project Description

The company requests 310.000 € with 6 months of deferred repayment to finance the start of the renovation and refurbishement works of a new floor to increase student capacity. As part of their future investment plan, the University may come back to the October platform within the coming quarter, up to a maximum exposure of 1.000.000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 1.15. This project will be realised next month.

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 6 months, the lenders will only receive interest; the following 42 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 151.900€, which is in line with the regulatory limits.