Gamesa signs Eu1.2bn forward start
Gamesa Corporación Tecnológica, the Spanish wind turbine manufacturer, has signed an increasingly forward start facility to extend a Eu1.2bn loan from December 2010 to October 2012. The deal, which pays 250bp, closed 40% oversubscribed.
The facility was arranged by 11 banks: Banesto, Barclays Capital, BBVA, Caja Madrid, Citi, Deutsche Bank, ICO, ING, La Caixa, Lloyds Banking Group and Santander. More than 25 Spanish and foreign banks joined at a lower level.
In June, Morgan Stanley sold just half of a planned Eu391.7m stake
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.