Ferrovial has restructured its corporate debt by signing a deal to secure a three-year €3.3 billion loan with a syndicate of 40 banks, led by Spanish bank BBVA.

This transaction, which unifies the debt, and simplifies and reinforces Ferrovial’s financial structure, was on hold until Ferrovial, the parent company, merged with Cintra, its infrastructure concessions subsidiary.

The company resulting from the merger was registered with the Spanish Securities and Exchange Commission on Friday, December 4, 2009. This loan will give the Ferrovial group three years of liquidity to develop its business plan, and will remove any significant debt maturities.

All the major Spanish banks and foreign banks in Spain participated in this transaction, which took three days to close, due to its complex nature: it involved restructuring over 20 financial transactions. Rafa Mínguez, a Cuatrecasas, Gonçalves Pereira partner, led the team of lawyers that advised the syndicate, and of which Iñigo Rubio, senior associate, and Alberto Campo were part.

This week, Ferrovial is been quoted again on the stock exchange as a new construction, services and concessions company, with a capital of €6.6 billion. In addition, the group hastaken advantage of the merger to change both its image and top management.