Loyens & Loeff Luxembourg advises Banco Santander in the debt restructuring of the Abengoa Group
Loyens & Loeff Luxembourg acted as local legal counsel to Banco Santander in the EUR 3.4bn restructuring of the Abengoa Group, a global conglomerate and a world leader in the renewable energy sector, with operations across the globe.
The Abengoa Group operates in a number of jurisdictions around the world, including Luxembourg, Spain and Mexico. It employs more than 13,000 people in its different operating jurisdictions.
We assisted Banco Santander on the debt restructuring and the new money injection and related security package, involving other interested lenders, including large international credit institutions, private equity funds and distressed debt funds. This transaction was notable in its complexity due to the large number of lenders, the different lender groups with varying interests, rankings and creditor rights and the large number of jurisdictions involved.
Our Corporate M&A, Banking & Finance and Tax teams, led by Anne-Marie Nicolas and Siobhán McCarthy, combined their expertise in advising Banco Santander in the restructuring of the Abengoa Group.
Banking & Finance team also included: Alvaro Garrido Mesa (Senior Associate), Richard Steichen (Associate)
Corporate M&A team also included: Ana Andreiana (Senior Associate), Vera Pavelka (Associate)
Tax: Nadège Le Gouellec (Senior Associate)
Anne-Marie NicolasPartner Attorney at Law / Avocat à la Cour
Anne-Marie Nicolas, partner, is a member of the Banking & Finance Practice Group in our Luxembourg office. She co-heads the Luxembourg Restructuring Team. Anne-Marie focuses on secured lending, including acquisition finance and real estate finance, as well as debt restructuring.T: +352 466 230 314 E: [email protected]
Vera PavelkaSenior Associate Attorney at law
Vera Pavelka, senior associate, is a member of the Corporate Practice Group in our Luxembourg office. She focuses on domestic and cross-border corporate restructurings, mergers & acquisitions, and private equity transactions.T: +352 466 230 212 E: [email protected]
Richard SteichenAssociate Attorney at law / Avocat à la Cour
Richard Steichen, associate, is a member of the Banking & Finance Practice Group in our Luxembourg office and a member of the Restructuring Team. He focuses on secured lending and financial restructurings.T: +352 466 230 492 E: [email protected]