Comsa refinances bank debt with Cuatrecasas advice

Cuatrecasas advised the Catalan construction company Comsa Corporación on closing the refinancing of its bank debt for a global amount of €487 million.

This enables Comsa to restructure its long-term debt to adjust it to the forecasts under its 2021-2026 strategic plan. It also secured its long-term revolving credit lines, incorporating the CESCE guarantee for most of them.

After restructuring its financial debt, Comsa’s banking pool is now reduced to four banks: Santander, CaixaBank, Sabadell and BBVA.

The Cuatrecasas team handling this transaction was made up of Héctor Bros, Pol Solsona, Magda Munt and Vidal-Joan Vicente i Martí (Corporate Finance); and Javier Sánchez and Marta Vidiella (Litigation and Arbitration). León López and Alberto de Villa Albarrán handled aspects under Mexican law.

Cuatrecasas assisted Comsa Corporación with its two previous financing rounds in 2013 and 2016.