DLA Piper assists banks in ECI financing

DLA Piper has assisted 14 financial entities in closing a revolving credit facility (RCF) for El Corte Inglés with a value of €1.3 billion


The closing of the financing deal between El Corte Inglés and a group of 14 financial entities has taken place this morning. The line of credit of €1,311 million for 12 months, will serve ECI to face contingencies arising from the coronavirus crisis.

DLA Piper´s team was led by head of Banking, Projects and Restructuring area and DLA Piper Spain managing partner Jesús Zapata (pictured) and associates José Marco and Daniel Danés.


Desire Vidal