Cementos Molins signs novation and extension of sustainable syndicated financing Home Knowledge Artículos We advised Cementos Molins on the novation and extension of its sustainable syndicated financing for the Group and its affiliates in Spain NOVEMBER 16, 2021 MANUEL FOLLÍA IÑIGO VÁREZ LAURA TORRECILLA FINANCE RESTRUCTURING, INSOLVENCY AND SPECIAL SITUATIONS DEBT REFINANCING AND RESTRUCTURING Cuatrecasas has advised Cementos Molins on the novation and extension of its sustainable syndicated financing for the Group and its affiliates in Spain, which was formalized in 2019. This novation, which continues to be classified as a sustainability-linked loan, extends the maturity by two years, until December 2026, and now has a limit up to €300 million, divided between a term loan of €75 million and a credit facility of €225 million. The rest of the terms and conditions remain unchanged. The financing, which was the first sustainable syndicated financing of a cement company in Spain, continues to be linked to sustainability targets, more specifically to the reduction of CO2 emissions, one of the drivers of the company's sustainability roadmap. The novation, signed by all the financing entities of the original loan, involves CaixaBank, acting as agent bank and finance and sustainability coordinator, Banco Sabadell, BBVA, Banco Santander, HSBC and Banca Intesa Sanpaolo. The Cuatrecasas team advising on this transaction was made up of lawyers Manuel Follía, Íñigo Várez and Laura Torrecilla. IN THE NEWS NEWS Europastry closes €800 million sustainable financing agreement with banks NOVEMBER 18, 2021 MANUEL FOLLÍA FINANCE CORPORATE AND ACQUISITION FINA... LEGAL DEVELOPMENTS Portugal | Banking, Finance and Capital Markets Newsletter – 3rd Quarter 2021 NOVEMBER 10, 2021 FINANCE CAPITAL MARKETS NEWS CaixaBank grants financing to RLH Properties to build Rosewood Mandarina Hotel NOVEMBER 8, 2021 LEÓN LÓPEZ JUAN CARLOS GALICIA FINANCE HOTELS, TOURISM AND LEISURE CORPORATE AND ACQUISITION FINA... More details CASES Largest RMBS securitization fund registered in Spain to date More details First project bonds issued by Spanish company to be listed in Singapore More details Indicate your preferences to receive email alerts on specific areas of interest Let us know your interests and how often you wish to receive our legal alerts:&nbsp; Choose areas of interest © 2021 Cuatrecasas. All rights reserved. Terms of Use Privacy Policy Cookies Policy Information Security Policy Contact us We use our own cookies and third-party analytics technologies to identify your browsing habits and be able to offer our contents based on your interests, while improving your security. For more information, select "more information" to access our Cookies policy to enable or disable cookies at any time. More information Accept Settings