We advise El Corte Inglés on refinancing its debt

El Corte Inglés closed the refinancing of its debt, for €2 billion, with the support of 24 national and international banks. Cuatrecasas partners Fernando Bernad and Miguel Cruz advised on the refinancing with the firm’s lawyer Nuria Burillo.

This investment grade financing agreement improves and makes the conditions of the existing financing more flexible: it ensures stable financing with longer deadlines, fewer costs and no guarantees. It also includes sustainability commitments in line with the group's corporate social responsibility strategy.