Cuatrecasas advises banking syndicate on agreement to refinance Resa Group’s debt and strengthen organic growth
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SubscribeCuatrecasas has advised a banking syndicate led by Credit Agricole Corporate and Investment Bank—made up of BNP Paribas, CaixaBank, Banco Santander, Novo Banco, and Banco Sabadell—on granting a syndicated financing worth €500 million to Siresa Campus, S.L.U. (Resa Group).
The transaction will enable Spain's largest student housing platform—owned by Dutch fund PGGM—to refinance its debt and strengthen its financial structure.
The new financing will also help the Resa Group’s organic growth, as it has over 12,000 students per year across its 45 residences in 23 cities in Spain.
The Cuatrecasas advisory team was made up of lawyers from the Finance Practice, including Agustín Cerdá, Víctor Utges, Antonio Ridao and Cristina Poy.
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