Ferroatlántica & Globe Merger

Ferroatlántica & GLobe Merger
Investor Presentation

 Press release

Canalejas Project Financing

On December 11th, 2014 it has been granted a syndicate facility of a maximum consideration of 268 million euros to Canalejas Madrid Centro, S.L. a company owned 75% by Grupo Villar Mir, S.A.U. and 25% by OHL Desarrollos, S.L. to finance the Canalejas real estate development project. A set of Spanish and foreign entities (Banco Santander, CaixaBank, Banco Popular Español, Bankinter, Unicaja Banco, Mora Banc Grup, Inmomutua Madrileña and Generali de Seguros y Reaseguros) have participated in this syndicate loan as lenders. Banco Santander, CaixaBank and Banco Popular have also acted as arrangers for the Facility.

The tenure of the syndicate loan is 10 years; of which 3 will correspond to the construction works and 7 to operation. This is the largest financing facility that has been granted to a real estate project development in the last years in Spain, something that shows an important sign of confidence of the financial community towards the Project and its shareholders.

Garrigues has acted as legal advisor for Canalejas Madrid Centro and its partners, while Clifford Chance has acted as legal advisor to the Lenders entities.

Fitch affirms OHL'S rating at BB- Stable Outlook