Leveraged Abengoa signs better than expected refinancing

03 May 2012

The loan market’s reception to Spanish construction and engineering company Abengoa, which has signed a €1.566bn refinancing loan, has surprised some bankers, who said they had not expected such a good result when the deal was first mooted.

"This has gone a lot better than I would have expected in November or December, when I think we would have struggled to get beyond €1.2bn," said one banker close to the deal.

Abengoa has the right to increase the size of its loan by up to €300m within ...

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