The Alternative Fixed-Income Market (MARF) has admitted to trading a €55 million bond issue launched by Sidecu, with a five-year maturity and a 6% annual coupon. We advised Sidecu’s underwriting entities on refinancing the company’s existing debt.

Arcano, the global coordinator and lead manager of the transaction has distributed bonds among Spanish and foreign qualified investors, while Banco Cooperativo has acted as co-lead manager.

Partner Jaime de la Torre has led the transaction with the support of counsel Jorge Botella (Public Law), senior associate Rebeca Rodríguez (Tax) and associates Miguel Cruz and Matilde Fernández-Conde (Finance).

Sidecu manages sports centers all over Spain and plans to expand its business in Portugal.