Cuatrecasas advises on the €750 million Sabadell Consumer Finance Autos 2 securitization

Cuatrecasas has acted as legal advisor on the recent securitization transaction promoted by Sabadell Consumer Finance, called “Sabadell Consumer Finance Autos 2”, which brings together a portfolio of loans for vehicle financing in Spain worth €750 million. The transaction prospectus has been registered with the CNMV in accordance with the applicable regulations.

The bonds issued by the fund have been admitted to trading on the AIAF fixed income market of Bolsas y Mercados Españoles (BME). The transaction also meets the requirements to be considered STS (simple, transparent and standardized), in accordance with the Securitization Regulation.

With this transaction, Sabadell Consumer Finance positions itself as a recurring issuer, diversifies its financial resources, and improves its financial autonomy.

“Securitization is becoming established in Spain as a relevant financing alternative,” said Jaime de la Torre, a lawyer with the Cuatrecasas Financial Group and head of the transaction, together with Jaime J. Rodríguez Lozano and Álvaro Heras.