GA_P advises on €415M financing for Ontime
Gómez-Acebo & Pombo has advised a syndicate of banks led by BBVA, Santander and ING on a €415 million financing package granted to Ontime Logística Integral, one of Spain’s leading logistics groups, aimed at refinancing existing debt and supporting the company’s organic and inorganic growth strategy.
The transaction included a €375 million financing agreement structured in three tranches: a €200 million facility to refinance existing debt, a €75 million tranche to fund capital expenditure and acquisitions, and a €100 million revolving credit facility to cover the group’s corporate and working capital needs. The deal also involved the amendment of a €40 million syndicated factoring facility.
The team
The Gómez-Acebo & Pombo team advising the lenders was led by Rafael Aguilera Álvarez (partner) and Carlos de la Luna Roig (senior associate), both members of the firm’s Banking & Finance practice.
