Madrid, August 2023 - Astris Finance congratulates its client Bruc on the successful closing of a EUR 600m sustainable corporate financing for its renewable platform of 8.5GW in Spain.
We are very pleased to announce the signing of the transaction for which we supported Bruc, a Madrid-based renewable energy company managing solar PV and wind assets under development, construction and operation, in raising a sustainable corporate debt facility of EUR 600m to fund the construction of c. 8.5GW of solar PV and onshore wind located in several Spanish regions.
Santander, ING, Instituto de Credito Oficial, BNP Paribas and Intesa Sanpaolo acted as bookrunners and MLAs, and Schroders and Infranity as MLAs.
Because it complies with strict ESG criteria, the financing agreement has been substantiated under the formula of "sustainable corporate financing". This confirms Bruc's strong positioning in the clean energy sector -- a key aspect for OPTrust and USS to enter the company's capital in 2016 and 2021 respectively.
This transaction further consolidates Astris’s positioning in Spain where it closed 7 financings adding up to EUR 1.2bn in the Energy Transition space over the last 18 months.
Astris Finance acted as exclusive financial advisor to Bruc.
August 2023 - Astris congratulates Bruc on the successful closing of a EUR 600m sustainable corporate financing for its renewable platform of 8.5GW in Spain