Siliken Clinches 31 Million Euro Long-Term Financing
January 18, 2010. The syndicated financing will reinforce balance stability
The Siliken Group of renewable energy companies has closed a syndicated financing agreement of €31 million. This financing, headed by Bancaja, constitutes a consortium formed by other banking entities, such as Banesto, CAM, Caixa Catalunya, BBVA, HSBC, Deutsche Bank, Espirito Santo, and the term is three and a half years.
This operation reinforces the Siliken Group’s balance sheet and provides more financial stability in these largely credit-restricted times. This will enable Siliken to face challenges and future projects with safety and solvency and continue its international expansion.
In 2009, the renewable energy company reorganized its stockholding structure by incorporating the Zriser Group, an investment branch of the Serratosa Luján family, as majority equity partner. This operation has provided Siliken with a substantially improved financial position.
