Gamesa Corporación Tecnológica, Sociedad Anónima has signed a syndicated financing extension arrangement in the banking market for the amount of € 1,2 billion through its subsidiaries Gamesa Energía, Sociedad Anónima Unipersonal; Gamesa Eólica, Sociedad Limitada Unipersonal; and Gamesa Technology Corporation, Inc.
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The transaction responds to the strategy of financial strengthening that has been a constant feature in the Corporation's management and extends the maturity date of the main elements to finance Gamesa's overall needs to October 2012. The syndicated financing arrangement, which was agreed upon under the “Forward Start Facility” method, was led by 11 financial institutions (BBVA, Banesto, Santander, Barclays, Lloyds, ING, ICO, Caja Madrid, La Caixa, Citigroup and Deutsche Bank) and seconded by more than twenty-five Spanish and foreign financial institutions.
