Infrastructure group Comsa instructed Cuatrecasas Gonçalves Pereira on an agreement with eight Spanish banks to refinance €719 million of debt.
The banks involved in the refinancing were Bankia, Bankinter, BBVA, CaixaBank, Popular, Sabadell, Santander and Unicaja. They granted a syndicated loan to be repaid over four and a half years.
A statement said the banks established a “convertible debt tranche amounting to €250 million for 50 per cent of the capital in 2021”.
The Cuatrecasas team advising Comsa was led by partner Héctor Bros and senior associate Pol Solsona.