As part of the transaction, Celsa is issuing EUR 1.2 billion in senior secured bonds. In addition, Celsa is issuing a EUR 600 million subordinated shareholder PIK loan, which is co-led by funds managed by SVP.
Our team played a key role in the Luxembourg corporate, debt finance, and tax structuring of the transaction, which marks a significant milestone for Celsa as it right-sizes the capital structure inherited from its 2023 restructuring, following a strong recovery in financial performance.
Celsa operates a low-emission steel production model aligned with evolving European Union climate policy. Environmental considerations and regulatory matters are important factors we take into account when supporting clients in emissions-intensive sectors.
