Clifford Chance
Clifford Chance advises ACS on the 2,100 million euro refinancing of its bank debt
5 December 2024
Clifford Chance advises ACS on the 2,100 million euro refinancing of its bank debt
Clifford Chance has advised a consortium of banks on the refinancing granted to ACS, the global infrastructure development and construction group, for the refinancing of its bank debt amounting to 2,100 million euros. The consortium of banks consists of forty-nine Spanish and foreign banking entities.
The agreement signed between ACS and the consortium of banks dates back initially to 13 February 2015 and has been renewed several times. The financing is structured in two tranches: tranche A, a 950-million-euro loan, and tranche B, a liquidity facility for 1,150 million euros. This agreement, which expires on 20 November 2029 and can be extended for two additional years, will allow ACS to make significant investments in the future, thereby strengthening its leadership position in the construction and services sector.
This major financial backing clearly reflects the banks' confidence in ACS' management and outlook and will enable the company to continue to innovate and expand its projects globally.
The Clifford Chance team advising on the transaction was led by Global Financial Markets partner Eugenio Fernández-Rico, together with associate María González, junior associate Ana De La Torre and trainee Marco Martínez.
