Red Eléctrica gets debt for Hispasat buy

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By Mike Turner
03 Jul 2019

Spain’s Red Eléctrica Corporación has signed a €500m revolving credit facility to part finance its acquisition of compatriot communication satellite company Hispasat.

Red Eléctrica agreed to buy an 89.68% share of Hispasat from Spanish toll road management firm Abertis Infraestructuras for €949m.

The revolver has a five year maturity with two one year extension options.

Bankia and Mizuho were bookrunners on the facility, with BBVA and Kutxabank joining as mandated lead arrangers. 

Red ...

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