Cuatrecasas advises bank syndicate on Ferrovial's debt restructuring
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Spanish firm Cuatrecasas Gonçalves Pereira has advised a syndicate of 40 banks, led by BBVA, on the restructuring of construction company Ferrovial’s €3.3bn (£2.99m) debt.
Managing partner of Cuatrecasas’ corporate finance team Rafa Mínguez led on the deal, with associates Iñigo Rubio and Alberto Campo assisting.
The deal involved restructuring 19 financial transactions, four big syndicated facilities and 15 bilaterals, and replacing them with one, three-year €3.3bn loan.
The documentation of the deal was finished earlier this year, but closing was put off until 4 December, when Ferrovial merged with Cintra. Uría Menéndez advised Ferrovial on its merger.
Ferrovial did not instruct external counsel on the debt restructuring.
