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FACTORING WITHOUT RECOURSE
EUR69 million EUR15 million participation
(Spain - Copper Fabrication)
Lender - European Investment Bank
Debt Arranger - Cofarco SAS
July 2011
Cofarco signs up a €15 million participant in a €69 million syndicated factoring facility for Cunext Copper Industries S.L.

Cunext Copper Industries S.L. is one of Europe’s leading copper wire manufacturers. The company makes copper wires, wire rods, cables, and other copper products. Its main production plant is in Cordoba and its headquarters is in Madrid.

 

Cunext hired Cofarco as a financial adviser for part of a €69 million without recourse factoring facility, to bring an international bank into the syndicate financing the facility.

 

Cofarco raised €15 million, placing the transaction with a leading metals trade finance bank.