Hispasat €250m ESG-linked revolving credit facility (2022)
Liquidity and the 2020-25 strategic plan; Hispasat's first ESG financing
Key terms
- Borrower or issuer
- Hispasat
- Date
- 4 Aug 2022
- Type
- Bank facility
- Amount
- €250m (US$263m)
- Maturity
- 2025-08
Recorded terms
- Structure
- Revolving multi-currency credit line to August 2025, extendable annually to August 2027; terms linked to ESG indicators
- Lenders and arrangers
- CaixaBank (agent and sustainability coordinator), BBVA, Société Générale, Bankinter and Kutxabank
- Country
- Spain
Parties
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 29 Jul 2022 | ispace ¥5bn syndicated loan (2022) | Bank facility | JPY 5bn |
| 14 Jun 2022 | Maxar US$2bn amended and restated credit facilities (2022) | Bank facility | US$2bn |
| 13 Jun 2022 | Spire Global US$120m term loan (Blue Torch) | Bank facility | US$120m |
| 30 Sep 2022 | Astroscale ¥5bn term loan from MUFG Bank (2022) | Bank facility | JPY 5bn |
| 4 Mar 2022 | Viasat US$700m term loan B | Bank facility | US$700m |
More from Hispasat
| Date | Financing | Type | Amount |
|---|---|---|---|
| 21 Jun 2021 | Hispasat US$80.7m US EXIM financing for the Amazonas Nexus launch | Export credit | US$80.7m |
| May 2020 | Hispasat €129m Bpifrance-backed financing for Amazonas Nexus | Export credit | €129m |
M&A and investment involving Hispasat
| Date | Deal | Type | Value |
|---|---|---|---|
| 30 Dec 2025 | Indra acquisition of 89.68% of Hispasat | M&A | €725m |
| 3 Oct 2019 | Red Eléctrica acquisition of 89.68% of Hispasat | M&A | €933m |
Sources
- Redeia CNMV other relevant information: Hispasat credit line redeia.com · 4 Aug 2022
About this record
Record ORB-2022-0009, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
