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Friday, March 29, 2024

RyC advises banks on Metronia´s restructuring

Ramón y Cajal Abogados has advised the pool of financial entities led by Caixabank, Bankinter, and Abanca on the restructuring of the financial debt of Metronia, S.A. and its group of companies

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Metronia, S.A. is a relevant Spanish online betting company and leader in bingo gaming This deal is one of the first restructurings to be implemented with the new Law 16/2022, of the Insolvency Law reform (TRLC). The financial entities involved were led by Caixabank, Bankinter, and Abanca.

The Ramón y Cajal´s Banking & Finance team was led by partner Amado Giménez Bono, together with lawyers Alberto París and Diego Gabaráin.

The transaction was closed on 15 February 2022, with the amount not disclosed, and AFI acting as financial advisor to the transaction.

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