Dentons US LLP

07/30/2021 | Press release | Archived content

Dentons advises Grupo Amavir on €166 million sustainable financing deal

July 30, 2021

Madrid-Global law firm Dentons advised Grupo Amavir on its €166 million refinancing from a syndicate of banks - including CaixaBank (agent), Banco Sabadell, Banco Santander and Targobank - with Groupe Maisons de Famille as guarantor. The complex transaction involved the amendment and extension of a previous financing agreement and guarantee signed in 2018, and introduced new elements of sustainable financing, in which Grupo Amavir received favorable terms dependent on meeting its commitments with regard to environmental sustainability and social responsibility.

Grupo Amavir is a leading Spanish elderly care group, which operates 42 seniors' residences and day centers across the country.

Jabier Badiola, Spain Managing Partner and Head of the Banking and Finance practice in Madrid led the Dentons team on the deal with support from associates Ana Artola and Jorge Carmona.

Jabier Badiola commented on the deal, 'This deal not only demonstrates Dentons' ability to advise on complex refinancing and restructuring deals in the Spanish market, but it also showcases our ESG capabilities in supporting clients in the growing area of sustainable finance.'

About Dentons

Dentons is the world's largest law firm, connecting top-tier talent to the world's challenges and opportunities with 20,000 professionals including 12,000 lawyers, in more than 200 locations, in more than 80 countries. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and award-winning client service challenge the status quo to advance client interests.