IFLR1000

Boluda Corporación Marítima €382 million refinancing

15/9/2015
Refinancing
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€ 382 million

$ 408.237 million

Completed

15/9/2015

Overview:

  • The Spanish and French divisions of the group Boluda Corporación Marítima has undergone €382 million in refinancing.
  • The deal consisted of refinancing and optimisation of the financial indebtedness of the group of companies after a major restructuring of the group resulted in an improvement in its financial situation.
  • The international nature of the transaction, the facility agreement and the inter-creditor agreement were based on loan market association documentation, adapted to Spanish and French law and to the parties’ needs.
  • The transaction allowed a rationalisation of the financial and operational structure of the group and the progressive reduction of its financial indebtedness while providing a term loan for the purposes of financing capital expenditure.

Adam Majeed - Regional editor

Jurisdiction:

Spain

Deal type:

Refinancing

Practice area:

Banking

Industry sector:

Shipping

Firms:
Bredin Prat

Party: Banco Santander (Lender, Facility agent)

Party: Bankia (Lender)

Party: Caixabank (Lender)

Party: Banco Popular Español (Lender)

Party: Credit Lyonnais (Lender)

Party: Caisse Regionale de Credit Agricole Mutuel Alpes Provence (Lender)

Party: Banque Palatine (Lender)

Party: Banque Populaire Provençale et Corse (Lender)

Party: Instituto de Crédito Oficial (Lender)

CMS Albiñana & Suárez de Lezo

Party: Boluda Corporación Marítima (Borrower)

Lawyer: César Albiñana

Uría Menéndez

Party: Bankia (Lender)

Party: Banco de Sabadell (Lender)

Party: Banco Popular Español (Lender)

Party: Caixabank (Lender)

Party: Banco Santander (Lender, Facility agent)

Party: Instituto de Crédito Oficial (Lender)

Party: Unicaja Banco (Lender)

Party: Credit Lyonnais (Lender)

Party: Caisse Regionale de Credit Agricole Mutuel Alpes Provence (Lender)

Party: Banque Palatine (Lender)

Party: Banque Populaire Provençale et Corse (Lender)

Lawyer: Sebastián Sáenz de Santa María

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