Giplast issues 4 mill.euro Minibond

Giplast Group spa, Abruzzo company, European leader in the production of edges in Abs, Pvc and PP for the furniture industry, has completed the issuance of a senior secured bond in the Italian Stock Exchange of 4 million euro maturing in March 2021. The bond was listed on the Italian Stock Exchange ExtraMOT Pro and has been signed by the credit fund managed by Tenax Capital Limited. The company has been joined by the advisors AD Company (financial) and Studio Orrick, Herrington & Sutcliffe (legal, Daniela Andreatta and Raul Ricozzi).
The group, headed by the Marozzi family, is the leading company in Europe in the production and marketing of Pvc and Abs edges for chipboard finish and composite materials for the furniture manufacturing industry, with a turnover of more than Euro 32 million, of which 50 per cent export.