Cuatrecasas advises Iberostar Group on granting of sustainable financing

Cuatrecasas lawyers advised the Iberostar Group on a long-term corporate financing agreement with seven financial institutions, destined to protect the company’s liquidity to deal with the effects of the COVID-19 health crisis.

The transaction was provided through bilateral financing agreements with certain common terms regulated by a multilateral agreement. The interest rate on all the loans will vary depending on the Iberostar Group meeting certain environmental, social and governance (ESG) sustainability benchmarks.

Cuatrecasas lawyers Pol Solsona, Levón Grigorián and Oriol Balsells advised on the transaction.