PwC Tax & Legal advises Izilend on €54M Beachbox
PwC Tax & Legal has advised Izilend on a €54 million financing provided to Beachbox to refinance its existing debt and fund the development of its branded residences project in Cala Xarraca, Ibiza.
The financing will refinance Beachbox’s previous facilities with Frux Capital, Santander Alternative Investments and Arcano PA, while providing funding for the development of the company’s branded residences in Ibiza.
PwC Tax & Legal advised Izilend on the structuring and legal aspects of the transaction, including legal due diligence and the drafting, negotiation and execution of the financing agreement and related security package.
The transaction required a financing structure tailored to the characteristics of the underlying assets and Beachbox’s business plan, with the parties adopting an approach designed to accommodate the complexity and distinctive nature of the project.
The team
The transaction was led by Beltrán Gómez de Zayas, partner in Banking & Finance, and Emilio Gómez Delgado, partner in M&A Real Estate.
They were supported by Emilio Aparicio Marina, Benjamín Iglesias Wendel, Guillermo Díez Delpón, Guillermo Medina López de Haro and José Ignacio González Ramos.
