Soltec secures Euro 100 million credit facility from 11 banks

Soltec, a solar tracker firm, has signed a Euro 100 million syndicate credit facility with 11 banks to expand its international business in five continents by opening subsidiaries. The financial operation was led by Banco Santander. Other financial institutions included Bankia, Bankinter, BBVA, Caixabank, Cajamar CajaRural, Ibercaja, Liberbank, Sadabell, Banco Cooperativo Espanol and Banco Pichincha Espana. Garrigues assisted with the legal operations of the entire process.

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