Squirrel closes €10M sustainability-linked bond on Spain's MARF
What's the deal? SquirrelDealroom has a profile for this one. Try Dealroom → has closed a €10 million senior unsecured bond issue on Spain's Alternative Fixed-Income Market (MARF). The bonds are set to be paid in on September 23, 2026, and mature on March 23, 2028 — an 18-month term.
The details: The issue falls under Squirrel's Sustainability-Linked Bond Programme, which carries a maximum nominal value of €22.5 million. It is structured as a sustainability-linked bond tied to specific targets.
What's the endgame? Those targets include raising the share of electricity Squirrel draws from renewable sources and increasing the free donation of advertising inventory to social and environmental campaigns.
Where's the money going? Proceeds are earmarked for general corporate purposes. That covers Squirrel's organic and inorganic growth strategy, the development of new business opportunities, and the strengthening of its financial structure.
The signal: The deal marks another step in diversifying Squirrel's funding sources, smoothing its debt maturity profile and adding capacity for new growth initiatives. Sustainability-linked debt on alternative markets like MARF gives mid-sized firms a route to capital that ties financing costs to environmental goals.
Read more: forbes.es
Image credit: 1010 Climate Action
