Atresmedia refinances its sustainable syndicated corporate loan of €175m: Advisors

Grupo Atresmedia has completed the refinancing of a sustainable syndicated corporate loan for €175 million, linked to ESG criteria, backed by a syndicate of six financial institutions coordinated by CaixaBank and with BBVA as the agent bank, thus reinforcing its commitment to a financing strategy aligned with sustainability.

CaixaBank acted as the lead arranger for the transaction. BBVA and CaixaBank acted as co-arrangers for the sustainability portion, with BBVA serving as sustainability agent.

The syndicated financing is linked to the performance of three environmental indicators: advertising space provided free of charge to non-profit organisations; accessibility to television content through sign language; and incorporation of suppliers’ carbon footprint, which is key to the overall calculation of the Group’s emissions.

Advisors

Cuatrecasas has advised Grupo Atresmedia. The firms team that participated in this transaction was led by lawyers Manuel Follia, Cristina Poy and Antonio Ridao from the Financial Group.

Clifford Chance has advised a syndicate of six financial institutions coordinated by CaixaBank, with BBVA as agent. The team was led by Epifanio Pérez and Ignacio Magariños.