DLA Piper advises bank syndicate on ECI €960m ICO financing

El Corte Inglés has signed a five-year €960 million loan guaranteed by the ICO

DLA Piper has advised a bank syndicate on the ICO (Official Credit Institute) financing granted to El Corte Inglés. The bank syndicate is formed by Santander, BBVA, Caixabank, Sabadell, Bankia, Crédit Agricole, Ibercaja, Kutxabank and Liberbank. Backed with a guarantee from Instituto de Crédito Oficial, the transaction will allow part of the previous credit facility arranged on April 1 to €1,341 million to be transferred to the new agreement. The new agreement, subscribed by the nine financial institutions, matures at five years.

DLA Piper team was led by Finance, Projects & Restructuring partner and Madrid office managing partner Jesús Zapata (pictured), Legal director José Marco and associate Daniel Danés.


DLA Piper advises bank syndicate on ECI €960m ICO financing

Desire Vidal


Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram