Ercros renews and extends syndicated corporate financing with Cuatrecasas advice

2020-06-08T00:00:00
Spain
Ercros renews and extends syndicated corporate financing with Cuatrecasas advice
Ercros renews and extends syndicated corporate financing with Cuatrecasas advice
June 8, 2020

The Cuatrecasas Banking and Financial Law Practice advised Banco Santander and other financial institutions on negotiating and concluding: (i) the novation and extension of syndicated corporate financing to Ercros, S.A., for the value of €45 million; and (ii) the refinancing of two syndicated factoring agreements, with or without recourse (insured by CESCE), signed with Ercros, S.A., for the value of €102 million. The financing value will be linked to the meeting of environmental, social and corporate governance objectives.

Advising on this transaction were our lawyers Manuel Follía, Iñigo Várez and Javier Vivas (Banking and Financial Law).

June 8, 2020