Dentons counsels Sacyr on €500m EMTN renewal programme

Madrid Dentons Capital Markets team has counselled Sacyr, S.A. on the renewal of Euro Medium Term Note (EMTN) programme for an amount of €500 million

The transaction counted with the involvement of Banca March, S.A., as arranger and Banco Santander, S.A., Bankia, S.A., BNP Paribas, CaixaBank, S.A., Deutsche Bank Aktiengesellschaft, Fidentiis Equities S.V., S.A., J.P. Morgan Securities plc, Morgan Stanley & Co. International plc and Société Générale, as dealers for the notes. The purpose of the programme was to provide flexibility to the funding sources of the issuer.

The programme has lead the issuer to a favourable liquidity position to take any challenging business opportunities foreseen over, consolidating at the same time its stability in terms of its external debt undertakings.

Ignacio Corujo (pictured), Madrid Dentons’ Capital Market partner, led and coordinated the transaction, alongside counsel Luis Máiz and with the support of junior associate Ana Artola.

Desire Vidal