Gedesco completes a total of Euro 650 M in new financing

Gedesco Group, a Portfolio Company of JZ International, has raised Euro 300 M in financing via Gedesco Trade Receivables 2020-1 DAC, an Asset Backed Securitization to be listed on Euronext Dublin. This follows the recent private securitization of Euro 200 M via Nomura. Additionally. Gedesco is proud to have received Euro 150 M guaranteed by the European Investment Fund (EIF), a subsidiary of the European Investment Bank.

Gedesco Group is a leading Small and Mid-sized Enterprise lender in the Spanish market with 2019 revenues in excess of Euro 1.5 Billion. Gedesco is today the choice of Spanish SME businesses for their financing needs, after having grown revenues in excess of ten times since JZ International invested in Gedesco Group.

Through the assistance of JZI and Morgan Stanley, as sole arranger and lead manager, Gedesco has issued its inaugural Spanish Public ABS transaction backed by trade receivables of Spanish SMEs. The senior and mezzanine bonds were placed amongst the top tier international institutional investors. The bonds will be publicly rated by Moody’s Investors Service (Moody’s) and Kroll Bond Rating Agency (KBRA). The securitization complies with the Simple, Transparent and Standardized (STS) criteria, as verified by Prime Collateralized Securities (“PCS”).

The private securitization of Euro 200 M arranged and provided by Nomura further solidifies and enhances Gedesco’s 5+ year working relationship with Nomura.

Gedesco is proud to be recognized as a key driver of SME business in Spain by EIF, who provided them with a guarantee under the InnovFin SME guarantee facility. This guarantee has enabled Gedesco to secure a line of credit with Banca IMI of Euro 150 M.

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