Linklaters instructed by Tendam on €117.5m syndicated loan

Linklaters has been instructed by Tendam on a syndicated loan guaranteed by the ICO (Spain’s State Finance Agency) for €117.5 million

Linklaters has advised Europe’s leading fashion retailers Tendam on a syndicated loan guaranteed by the ICO for €117.5 million (which can be increased up to €130 million) and a bilateral loan guaranteed by the ICO for €10 million. Financing has been provided by Banco Santander, the Official Credit Institute (ICO), BBVA, CaixaBank, Société Générale, Bankia, Banco Sabadell and Crédit Agricole.

It is the first ICO-backed syndicated loan for all the banks (except for Santander) and the first in which they have managed to get the ICO to also be a lender.

Tendam operates in the specialised chain store segment through the Cortefiel, Pedro del Hierro, Springfield, Women’secret and Fifty brands.

The Linklaters team in Spain was led by partner Ben Crosse (pictured), together with managing associate Begoña Martinez (pictured)


Linklaters instructed by Tendam on €117.5m syndicated loan

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

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