Recoletas Salud secures €283 million sustainability-linked financing

Cuatrecasas has advised Grupo Hospitalario Recoletas Salud on entering into a €283 million corporate financing agreement linked to sustainable development objectives. Throughout the process, with ING as sole coordinator, Recoletas Salud has managed to align the transaction with its strategic approach to sustainability from a social, environmental, research and training perspective.

Founded in 1989 and with a significant presence in the autonomous region of Castile and León, Grupo Recoletas Salud thus reinforces its commitment to promoting green and socially responsible transformation, reducing its carbon footprint by implementing measures to ensure its energy efficiency.

“We are very pleased to have accompanied Grupo Hospitalario Recoletas in achieving this objective—already planned in the group’s corporate financing since last year—in coordination with its funders and with ING as the sustainability coordinator. The parties have agreed to provide the financing with a regime based on the sustainability-linked loan principles of the Loan Market Association (LMA), with sector-specific features and the company’s strategic objectives in this area,” said Carlos Lasarte, the Cuatrecasas partner who led the transaction, assisted by lawyer Gonzalo Terceño.