Cerberus €130 million refinancing of Spanish wind farm portfolio

Overview:

• Cerberus Capital Management through Spanish affiliate Renovalia Energy Group has undertaken a €130 million refinancing of a portfolio of four Spanish wind farms.
• The four parks are Sierra Sesnández in Zamora (20MW), Loma del Capón in Granada (30.6MW), Magaz in Palencia (30MW) and Cova da Serpe II in Lugo (25.2MW).
• CaixaBank, BBVA and Banco de Sabadell acted as lenders.
• Cerberus acquired the four parks in 2016 when it acquired Renovalia.

Sam Duke - Editor