Squirrel Media has closed a syndicated loan of 22,5 million euros in España, coordinated by EBN Banco, to finance premium audiovisual content and amortize previous debt, strengthening its balance sheet and international growth capacity over a period of six years.
The technology and communications company Squirrel Media, S.A. has formalized this financial transaction under competitive market conditions. The agreement involved a group of national public-private financial institutions, notably the presence of Instituto de Crédito Oficial (ICOThis capital injection allows the firm to consolidate its internationalization strategy and strengthen their productive assets.
The structuring and coordination of the loan has been carried out by the team of Corporate & Investment Banking de EBN BancoThis entity will not only act as the loan agent, but will also act as coordinator in the repurchase and amortization process of the bond that the company held in the Mercado Alternativo de Renta Fija (MARF).
Investment destination and debt optimization
The total amount of the transaction, which amounts to 22,5 million euros, has a clearly defined allocation plan to maximize the value of the group. 20,0 millones de euros will be invested directly in the acquisition and generation of new audiovisual content of high quality. The objective is to strengthen the commercial offering in strategic Spanish, Portuguese and Italian-speaking markets, where the firm already has a significant presence.
Furthermore, the 2,5 millones de euros The remaining funds will be used for the early repayment of the bond. MARF issued in November 2023. Of this issue, which was originally for 20 million euros and matured in 2026, 5,1 million euros remained to be redeemed. With this move, Squirrel Media It manages to simplify its financing structure and align it with its objectives of long-term value creation.
| Financial Concept | Agreement Details |
|---|---|
| Total | 22,5 millones de euros |
| Amortization period | 6 years in the Making |
| Investment in content | 20,0 millones de euros |
| Bond amortization MARF | 2,5 millones de euros |
| Coordinating entity | EBN Banco |
| Corporate rating | BBB- (Positive outlook) |
Financial strength and investment profile
The transaction comes amid a consolidation effort for the company, which is currently listed on the Mercado Continuo Spanish. The agency EthiFinance has recently reaffirmed BBB- corporate rating with a positive outlook for the group. This rating reflects a scalable business model, with consistent profitability levels and a debt structure aligned with profiles of investment grade.
Thanks to this financial boost, Squirrel Media expands your bank pool Integrating new, top-tier entities. Management's focus remains on combining organic and inorganic growth, equipping the organization with the necessary resources to capitalize on emerging opportunities in the global audiovisual sector.
- Strengthening assets: Improvement of the balance sheet structure and optimization of financial costs.
- International expantion: Focus on the markets of España, Portugal e Italia.
- Operating efficiency: Cancellation of previous debt instruments to unify the financing strategy.
Key points and frequently asked questions about the Squirrel Media loan
Which markets will the new audiovisual content target?
The €20 million investment will focus primarily on creating premium content for the Spanish, Portuguese, and Italian-speaking markets, strengthening the group's international competitiveness.
What role do ICO and EBN Banco play in this operation?
EBN Banco acts as coordinating entity, agent and responsible for the bond repurchase MARF, Whereas the ICO It participates as one of the main lenders within the public-private syndicate.
How does this financing affect the company's existing debt?
The operation allows for the full cancellation of the bond MARF issued in 2023, eliminating a maturity scheduled for 2026 and optimizing the debt maturity profile of Squirrel Media within a six-year timeframe.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
