syndicated financing

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Investors information

GRUPO ORTIZ REFINANCES SYNDICATED LOAN WITH FIVE YEAR MATURITY

Grupo Ortiz has decided to refinance its syndicated loan this year, 2018, bringing forward the maturity date of same by more than two years, thus considerably reducing financial costs.

Together with a second bond issue on the MARF on 9 June last for a sum of €50 with a maturity date in 2023, this new syndicated loan is framed within the corporate strategy of ordering and diversifying the Group's sources of financing while also transferring the company’s obligations to the long-term, now in 2023.

The sum of the syndicated loan signed recently amounts €134.25m. Banco Santander was coordinator of the syndicate in which Banco Sabadell, Banco Popular, BBVA, Caixabank, ICO, Aresbank, Banco Pichincha España, Bankinter, Targobank, and Ibercaja also participated.

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