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.