Cuatrecasas has advised Banco Santander, the Spanish Official Credit Institute (“ICO”), and EBN Banco de Negocios on the signing of a €60 million syndicated financing agreement in favor of the SAPA Group, a leader in mobility in the defense sector, to expand its businesses and technological capabilities in the European Union and the United States.
The agreement aims to strengthen and improve SAPA’s industrial capacity, expanding production lines for transmissions, power generation, and control systems, and enabling it to respond to the growing demand for its transmission technology for military vehicles in these markets.
“It has been a pleasure to advise the banks on a financing transaction that will allow SAPA—a leader in its field in the EU and NATO—to increase its industrial capacity, modernize facilities, and expand production lines,” said Tomás Ugalde, from the Cuatrecasas Finance Practice, who led the advisory services along with lawyers Javier Vivas and Cristina Poy.
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