Soltec Energías Renovables’ €200 Million Financing

PwC Tax & Legal, Hernández & Cía. and Shutts & Bowen advised Soltec Energías Renovables on the deal.

Soltec Energías Renovables entered into a €200 million sustainable financing agreement with a pool of credit institutions for the purpose of financing the implementation of its business plan for the coming years. The financing agreement consisted in the novation of the already existing revolving credit facility (2018 syndicated facility) agreement for an amount up to €90 million (€80 million in bankable projects and €10 at free disposal) and the subscription of a new guarantee line for an amount up to €110 million, with a maturity of October 11, 2024.

The bank syndicate comprises Santander, BBVA, Cajamar, Sabadell, Bankia, Caixabank, Bankinter, BancaMarch, Banco Cooperativo Español, Banco Pichincha, Liberbank. Deutsche Bank and Ibercaja.

Soltec Energias Renovables SL manufactures solar energy equipments. The Company provides single and dual axis solar trackers, concentrated photovoltaic modules, and inverters as well as develops solar energy plants.

The PwC Tax & Legal’s team comprised a Madrid and Valencia office team led by partner and head of the firm’s Banking & Finance practice Beltrán Gómez de Zayas (Picture), along with senior manager Iván Echevarría Amirola, manager Emilio Aparicio and lawyers Beatriz Hernández García-Forte and Pablo García Canosa.

In Lima, Hernández & Cía. advised Soltec with Diego Carrión Álvarez Calderón, Julien Labory-Alicq and  María Alejandra Justo.

Shutts & Bowen advised Soltec in US.

Involved fees earner: Diego Carrión – Hernández & Cía Abogados; María Alejandra Justo – Hernández & Cía Abogados; Julien Labory-Alicq – Hernández & Cía Abogados; Emilio Aparicio – PwC Tax & Legal; Iván Echevarría Amirola – PwC Tax & Legal; Pablo García Canosa – PwC Tax & Legal; Beltrán Gómez de Zayas – PwC Tax & Legal; Beatriz Hernández García-Forte – PwC Tax & Legal;

Law Firms: Hernández & Cía Abogados; PwC Tax & Legal;

Clients: Soltec Energias Renovables SL;

Author: Federica Tiefenthaler