Herbert Smith Freehills Kramer advised the initial purchasers and lenders on a €2.7 billion financing

The Madrid office has advised the initial purchasers and lenders on the Spanish law matters relating to the €2.7 billion multi-source financing package for Luna 2.5, the parent company of the Urbaser Group -a global leader in environmental solutions owned by Platinum Equity. 

The financing structure included a combination of Rule 144A/Reg S Euro bonds and Euro-denominated commercial bank loans.
 
The Madrid team included partner Armando García-Mendoza, of counsel Luis Clouet, senior associate Carmen Hermosín and associate Miguel Alvargonzález. Of counsel Marta Esteban provided specialist advice on tax matters. A separate team, including partner Sergio Cires and associate Ricardo Echevarría, advised the existing lenders on the Spanish law matters concerning the cancellation of the existing financing and the release of existing security documents.