Grupo Elecnor has signed a €350 million syndicated financing facility with a five-year maturity to advance its strategic goals. The financing consists of a €50 million bullet loan tranche and a €300 million multi-currency revolving credit tranche.
With this new syndicated financing agreement, Grupo Elecnor strengthens its long-term funding sources, replacing the previous facility signed in 2014, which underwent several amendments, the latest in 2021. This financing enhances Elecnor’s investment capacity within the framework of its strategic plan.
The favorable market conditions have been leveraged to establish financial terms aligned with the Group’s strong current financial position.
The five-year term, running until June 2030, is standard for this type of banking financing and extends the average life of funding sources, thereby improving financial strength in the face of challenges posed by the Group’s Strategic Plan.
This financing complies with the “Sustainability Linked Loan Principles” requirements and has therefore been classified as sustainable.
The agreement was signed by Santander (Agent, Coordinator, and Bookrunner), Caixabank (Bookrunner), Abanca, BBVA, Kutxabank, Banco Sabadell, Barclays, and Unicaja as Mandated Lead Arrangers (MLAs), with Bankinter, Société Générale, Banco Cooperativo, Crédit Agricole, and Banca March acting as Lenders (LA).
For this financing, Elecnor was advised financially by Kenta Capital. Cuatrecasas provided legal advice, and G-Advisory is the consultancy responsible for issuing sustainability reports.
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