DLA Piper advises Natixis on Adriano Care financing
DLA Piper has advised a syndicate of lenders led by Natixis CIB on the refinancing and extension of long-term financing for Adriano Care Socimi’s senior living and senior care homes portfolio in Spain. The firm previously advised on the original financing.
Deal structure
The transaction extended the maturity of the financing and strengthened its structure through a reorganization of the banking syndicate, which includes Natixis CIB, Banco Sabadell, Abanca, Banco Pichincha and BPCE Lease. The refinancing also increased the total financing amount and introduced a new interest rate hedging structure.
The DLA Piper team was led by partner José Marco, alongside associate Ángel Monje, both from the Finance practice.
