Pérez Llorca has advised on the refinancing of Fluidra and its guaranteed loan (Credit and Guaranty Agreement)
Pérez Llorca has advised a group of financial entities led by BBVA, Citi and HSBC, on the refinancing of Fluidra and its guaranteed loan (Credit and Guaranty Agreement) initially dated 2 July 2018. The operation was announced in a statement to the Spanish Securities and Exchange Commission (CNMV).
The company, leader in equipment and connected solutions in the pool and wellness sector, reported the refinancing of its debt structure including a dual-currency senior secured term loan (TLB) and a senior secured revolving credit facility (RCF). The terms of the TLB and RCF are linked to two environmental targets defined in Fluidra’s ESG “Responsibility Blueprint” plan. With this transaction, Fluidra reinforces its commitment to sustainability, a spokesperson from Fluidra said in a press release.
The Pérez-Llorca team was led by (pictured clockwise from top left) Ander Valverde (Banking & Finance partner), Norma Peña (Tax partner), Eugenio Marín, (Banking & Finance lawyer), Antonio Castro (Banking & Finance lawyer), Nicolás Cuchet (Banking & Finance lawyer) and Ignasi Montesinos (Tax lawyer).