spot_img
Saturday, September 30, 2023

Martínez-Echevarría assists COFIDES with Hoteles Silken’s finance rescue

COFIDES has instructed Martínez-Echevarría on Hoteles Silken’s €22.5 million finance recue

-

The aid for tourism companies whose activity has been hit hard during the Covid-19 crisis continues to arrive. If this very week new SEPI bailouts were approved, now it has been the Compañía Española de Financiación del Desarrollo (COFIDES) that has given the go-ahead for new loans.

According to tourinews.es, specifically, the public-private company dependent on the Ministry of Industry, Trade and Tourism has announced the granting to Hoteles Silken.

Hoteles Silken, whose operation has been advised by Grant Thornton (financial) and Martínez Echevarría (legal), will receive €22.5 million in the form of participating loan of €11.5 million (characterised by a flexible interest rate that adapts to the company’s results and a longer repayment period), and an ordinary loan of €11 million (the conditions are set by the rescue fund).

The chain based in Vitoria (Álava) has a total of 28 establishments under management and 7 under marketing contract.

Martínez-Echevarría’s team was formed by partner Ramón Ruiz de la Torre, partner Oscar Rodriguez, lawyer Regina Antunez and, also for the Due Diligence by the teams of Labour partner Gonzalo Blanco Montero, lawyer Patricia Navarro Jiménez and juniors Alba Paz López and Alejandra Meco Rodríguez, Tax partner Igor Martín Larrañaga and senior associate Lucas Carrero-Blanco, Real Estate partner Enrique Besada Ferreriro and lawyer Beatriz Fernández and finally the Competition team led by partner Alfonso Ois Lourenzo, and juniors Adela Hinojosa Alcántara and Santiago Barea Lara.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

KWM assists Santander and EIB with €553m Green Loan financing to Solaria

King & Wood Mallesons' Finance and Banking team in Madrid advised Banco Santander and the European Investment Bank (EIB) on the agreement reached with...

ONTIER guides ECI’s €60m sale of 47 Supercor to Carrefour, advised by CC

According to Cinco Días, the company has closed the transfer of 47 Supercor shops, its chain of neighbourhood supermarkets, to Carrefour for €60 million....

KWM guides Moira Capital´s €10m investment in IEQSY

Moira Capital Partners has closed the year with its 14th investment. IEQSY is a Spanish company specialising in the design and manufacture of systems...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: