PwC advises Grupo Antolin on securing €150 million with the support of the ICO
PwC has acted as financial and legal advisor to Antolin, a global supplier of technological solutions for the automotive interior, in the formalization of a €150 million financing within the framework of the guarantee plan of the Instituto de Crédito Oficial (ICO).
The financing is part of ICO’s guarantee program aimed at supporting access to credit for companies with tariff exposure in the United States. In addition to ICO, five of Antolin’s main financing entities have participated in the operation: CaixaBank, Santander, BBVA -acting as agent bank-, Sabadell and HSBC. The loan has a maturity of seven years and a grace period of 18 months, which will allow the company to extend the average life of its debt, increase its liquidity and gain operating margin to continue promoting its strategic roadmap.
With this transaction, Antolin reinforces its financial strength and advances in the consolidation of its transformation plan, focused on improving profitability and adapting to the new demands of the automotive industry.
PwC’s legal team was led by David Mellado (partner) and Javier Peñalver (partner), with the support of Jose Andrés Torrente Blanco (associate).
