Cases & Deals

BBVA-led syndicate refinances thermosolar plant in Badajoz, Spain

Client(s) Banco Bilbao Vizcaya Argentaria

Jones Day advised a syndicate of lenders formed by Banco Bilbao Vizcaya Argentaria, Banco Santander, Caixabank, Bankia, Banco Sabadell, and the Instituto de Crédito Oficial (ICO) in connection with the €239 million (US$263.3 million) refinancing of a thermosolar plant with a total generating capacity of 49.9 MW located in Badajoz, Spain, and promoted by Elecnor, S.A., a Spain-based company engaged in the promotion, development and administration of projects within the energy, telecommunications, transport and environmental sectors.