Cuatrecasas advises Cementos Molins on its first loan linked to sustainability objectives

Cuatrecasas advises Cementos Molins on its first loan linked to sustainability objectives
Cuatrecasas advises Cementos Molins on its first loan linked to sustainability objectives
December 4, 2019

Cuatrecasas has advised cement company Cementos Molins on signing its first loan linked to sustainability objectives. The financing comprises a five-year syndicated loan of €180 million linked to one of the group's strategic priorities: the reduction of CO2 emissions.

The entities financing the loan are CaixaBank (agent bank and coordinator), Banco Sabadell, BBVA, Banco Santander and HSBC.

Cementos Molins is a pioneer in the Spanish cement sector for signing this type of sustainable financing agreement, known as a “sustainability linked loan.”

Cuatrecasas was legal advisor to Cementos Molins through a multidisciplinary team led by partners Manuel Follia (Banking and Finance) and Gerard Correig (Corporate and Commercial), with the participation of Íñigo Várez as associate.

December 4, 2019