Centrus supports Erias Finance in the delivery of the €775m bank and bond refinancing of Madrileña Red de Gas
On 11th September, Madrileña Red de Gas, the Madrid based Spanish gas distribution network operator closed a combined €775m Bank and Bond refinancing, following the highly successful launch and pricing of their debut €500m, 5 year bond on 3rd September 2013.
Centrus supported Erias Finance, led by John Mayhew, in providing financial advice to Madrileña Red de Gas for the implementation of an unsecured corporate financing platform with a new rated EMTN programme, a new bank facility and the restructuring and breakage of derivatives to replace the secured acquisition facilities that had previously existed.
Partner Geoff Knight who led on the transaction for Centrus commented, “We are pleased to have worked closely with Erias Finance in delivering this highly successful refinancing advisory mandate. This exercise drew upon our expertise across banking, debt capital markets and derivatives and underlines the firm’s credentials in infrastructure debt advisory”.