The Elecnor Group has signed a Syndicated Loan with a limit of EUR 350 million and a maturity of 5 years in order to drive its strategic objectives
The financing consists of a bullet loan tranche of EUR 50 million and a multi-currency credit tranche of 300 million
The Elecnor Group has strengthened its sources of long-term financing by signing a new Syndicated Loan Agreement, which substitutes the one formalised in 2014, which was subject to several novations, the most recent being in 2021.
This financing reinforces the investment capacity of Elecnor within the framework of its strategic plan.
The Group has taken advantage of the favourable market conditions to set financial terms that fit its present privileged financial situation.
The five-year period, until June 2030, is usual in this kind of bank financing and it lengthens the average life of the financing sources, thereby improving financial strength to meet the challenges of the Group’s Strategic Plan.
The financing outlined above meets the requirements established by the ‘Sustainability Linked Loan Principles’ and therefore has been classified as sustainable.
The Agreement has been signed by Santander (agent, coordinator and bookrunner), Caixabank (bookrunner), Abanca, BBVA, Kutxabank, Banco Sabadell, Barclays and Unicaja as the MLAs, and Bankinter, Société Générale, Banco Cooperativo, Crédit Agricole and Banca March as the LAs.
For this financing, Elecnor has been assisted by Kenta Capital as financial consultant. Cuatrecasas is in charge of providing legal advice and G-Advisory is the consultancy that will issue the sustainability reports.