Sequoia closed a financing process by 100 million euros

Sequoia closed a financing process by 100 million eurosFunding will allow you to start the second phase of the complex of City of the Tele audiovisual production, strengthen its activity in Latin America and carry out new technological investments.

Sequoia group has reached a financing agreement that ensures you achieve the objectives in its strategic plan, and allow the company dispose of up to 65 million euros repayable at maturity after 7 years.

This funding makes it possible to obtain additional funding focused on the needs of the working capital of the company, with the possibility of additional credit lines with other entities for an amount of EUR 35 million more. Therefore, lavailability of resources of Sequoia it would come to 100 million euroswhich would be a guarantee for the achievement of the strategic plan of the company.

In addition to obtaining this necessary coverage that will allow you to finance a sustained growth expected in the coming years, it will also enable development in three main pillars to the company. On the one hand, the group could take over the construction of the second phase of the City TV (Tres Cantos, Madrid) whose first phase will be completed by the end of this year, thus adding 12,000 square meters to the already constructed and setting up a great center of production of a total of 22,000 square meters destined to meet the needs of the industry audiovisual.

This pillar will be, in addition, accompanied of the technology investment required in technological development that will let the company continue as a reference in the sector, and can therefore offer its customers the latest existing technology.

Expansion in Latin AmericaThe funding will allow you also consolidate its expansion in Latin America. After years with presence, success and business consolidated in Chile, Peru and Colombia, Sequoia has focused this year its efforts to grow even more in that continent, embarked on ambitious new projects in these territories as well as to expand in other countries as Mexico.

Finally, provides for the analysis of other companies that can add value to the group or complement the services it provides, allowing the inorganic growth of the group, thus giving a greater range of possibilities as well as warranty to the achievement of the set objectives.

This financing is carried out through Global Bankers Capital acting as Mandated Lead Arranger and Colorado Bankers Life Insurance Co. as a sponsor, this being his first operation in Europe. Lawyers for the part group Sequoia have been Cuatrecasas while, in what refers to Global Bankers Capital, this function has fallen on Dentons lawyers. The operation has had advice from Beka Finance.

With over 200 clients around the world for those who work the 26 companies that integrate Sequoia, the company has 1,200 employees and holds contracts secured beyond 2025. Through their areas (content, services, Nexus, Television and international) Sequoia is one of the largest producers and companies of the country.

LINK:	https://www.panoramaaudiovisual.com/en/2018/04/20/secuoya-proceso-fina...
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