Nextil Secures €9.2 Million via Promissory Notes to Fuel Growth in Guatemala

Nextil advances in its expansion. The Spanish company has closed the first issue of its promissory notes program in the Alternative Fixed Income Market (Marfm, in its Spanish acronym), for a total amount of €9.2 million and terms of between six and twelve months, as reported by the company to the National Securities Market Commission (Cnmv, in its Spanish acronym).

Within the framework of the Nextil 2025 promissory note program, the transaction, which is expected to be extended with future issues, will allow the company to finance its operational growth in Portugal and Guatemala, while strengthening its equity structure after the full conversion of eight million euros in convertible bonds.

The company required all holders of the convertible debentures issued on July 1st to proceed with their full conversion for a total amount of eight million euros, in accordance with the terms and conditions of the issue.

Nextil has carried out the full conversion of €8 million in convertible bonds

This requirement, made at Nextil’s initiative, was aimed at diversifying the sources of financing towards those with a lower financial cost and, at the same time, strengthening its equity structure.

In mid-November, the group announced its positive forecasts regarding the trade agreement between the United States and Guatemala. The company explained in a statement that the agreement “represents a direct opportunity to accelerate the acquisition of new clients and programs, increase volumes and continue consolidating our vertical model oriented to the United States”.

With this new commercial framework, the company “consolidates Guatemala as one of its strategic hubs “, as advanced in the execution of its Strategic Plan until the end of the year .The new bilateral framework reinforces the company’s role in the global transition towards “closer, more traceable and sustainable” production models. “This new bilateral framework reinforces Guatemala’s position as one of the most competitive industrial destinations for the North American market,“ said Nextil Group’s CEO, César Revenga.