ENCE Energía y Celulosa S A : registers a sustainable promissory note program in the MARF with a limit of 200 million euros
October 10, 2023 at 09:37 am EDT
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Ence - Energía y Celulosa has incorporated a sustainable promissory note issuance program in the Alternative Fixed Income Market (MARF) with a maximum outstanding balance of 200 million euros, which will allow the company to finance itself at terms of up to 24 months, optimize working capital financing costs and increase the diversification of its sustainable financing sources.
This is a sustainable promissory note issue and is therefore linked to compliance with various sustainability indicators.
Through this program, Ence has access to a secure and flexible source of financing, which will help the Group to boost its growth and diversification in its different business lines (pulp production, renewable energy generation and sustainable forest management), fully aligned with the circular bioeconomy and the energy transition.
Ence Energía y Celulosa SA published this content on 09 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 October 2023 13:36:25 UTC.
Ence Energia y Celulosa SA, formerly Grupo Empresarial ENCE SA, is a Spain-based company engaged in the operation of pulp mills. The Company' activities are divided into two business units: Pulp and Energy. The Pulp business unit is subdivided into three segments: Pulp, manufacturing pulp and pulp derivatives, such as lignin and biomass, as well as co-generating energy; Forest Management, providing forest crops and wood raw materials, and Forest Services & Other, including residual business activities, as well as forest support services. The Energy business unit focuses on generating energy using forestry and agricultural biomass, as well as, thermos and solar electric energy generation. The Company operates pulp mills and power generation plants in Spain.
ENCE ENERGÍA Y CELULOSA, S.A. 
