Broseta advises on €383M Catalonia financing
Broseta has acted as legal adviser to Catalonia Hotels & Resorts in the negotiation of a €383 million financing agreement signed with a syndicate of leading Spanish banks to support the group’s expansion plans, optimise its debt structure and release mortgage guarantees affecting a significant portion of its assets.
The financing was provided by CaixaBank, Santander, Banco Sabadell and BBVA. In addition to providing new liquidity, the agreement enables Catalonia Hotels & Resorts to extend debt repayment maturities and secure more favourable financing conditions.
Part of the proceeds will be allocated to the development of the hospitality group’s international expansion projects, particularly its resort developments in Zanzibar, Tanzania, and Jamaica, which currently represent the company’s main growth initiatives outside Spain.
The team
The Broseta team advising on the transaction was composed of Carlos Salinas, Elisabet Merino and Paula Vilaró.
