Cuatrecasas advises Arteche on signing syndicated financing agreement for up to €200 million
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SubscribeCuatrecasas has advised Arteche Lantegi Elkartea, the Arteche Group's parent company, on signing a syndicated financing agreement for €200 million. The financing was provided by Banco Santander, Banco Bilbao Vizcaya Argentaria, CaixaBank, Banco de Sabadell, Citibank, Kutxabank, and HSBC.
The financing comprises two tranches to repay certain existing debt and meet the group's general corporate needs. As part of the transaction, the listed company's previous syndicated financing was repaid in full.
Cutting-edge technology
Close relationships, trust, perseverance, and commitment guide Arteche, a technology company that designs and manufactures equipment for the power sector. Its longstanding focus on innovation supports its primary goal: ensuring universal access to clean, efficient, high-quality energy.
The legal team handling the advisory service was made up of Tomás Ugalde, Álvaro Pérez-Iriondo, and María Zubiaguirre from Finance. José Ramón Berecibar from Corporate and Javier Calle from Tax also contributed.
Commenting on the firm's advice, Tomás Ugalde said: “We thank Arteche for entrusting us with the execution of this new syndicated financing agreement. It will enable the group to meet its general corporate needs and support the development and expansion of its business in the coming years.”
Kenta Capital also acted as Arteche's financial advisor, while DLA Piper served as legal advisor to the lenders.
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