Linklaters Secures €96 Million Financing for Aragon Motorway
Deal News | Jun 03, 2025 | Iberian Lawyer
Linklaters, a leading global law firm, has advised on a significant infrastructure financing project in Aragon, Spain. The €96 million financing deal was orchestrated with Bankinter, Kutxabank, and Unicaja as lenders, and Assured Guaranty (Europe) playing a key role as a financial guarantor. This financing supports the construction, management, and maintenance of a motorway segment between Gallur and Ejea de los Caballeros, part of the Extraordinary Road Investment Plan of the Aragon government. The project's objective includes the duplication of 24 km of road and the renovation of a further 14 km. Bankinter also serves as the agent bank, ensuring the transaction optimizes financial costs and terms. This deal marks an important milestone within the concession sector, representing collaboration across various jurisdictions. The advisory team was spearheaded by senior figures from both the Madrid and United Kingdom branches of Linklaters, covering areas such as Banking, Capital Markets, and Public Law.
Sectors
- Infrastructure Finance
- Legal Advisory
Geography
- Spain – The primary geography, as the motorway project is located in Aragon, Spain, and is part of the regional government's investment plan.
- United Kingdom – Relevant due to the involvement of a UK-based team from Linklaters advising on the transaction.
Industry
- Infrastructure Finance – This sector is relevant as it pertains to the financing and construction of public infrastructure projects, such as motorways, which are central to this article.
- Legal Advisory – The involvement of Linklaters indicates the article's relevance to the legal advisory industry, which guides financial transactions and legal compliance.
Financials
- €96 million – The total financing amount advised by Linklaters for the motorway project in Aragon.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Linklaters | Legal Advisor | Company | A global law firm providing advisory services for the financing transaction. |
| Bankinter | Lender/Agent Bank | Company | A Spanish bank serving as one of the lenders and as the agent bank for the transaction. |
| Kutxabank | Lender | Company | A financial entity participating as a lender in the transaction. |
| Unicaja Banco | Lender | Company | A banking institution involved as a lender in the financing. |
| Assured Guaranty (Europe) | Financial Guarantor | Company | A subsidiary of Assured Guaranty, acting as guarantor for the financing. |
| Aragon Government | Project Sponsor | Government | The regional government promoting the motorway infrastructure project as part of its investment plan. |
| Acciona | Project Contractor | Company | A construction and management company contracted for the motorway project. |
| Papsa | Project Contractor | Company | A company responsible for partnering in the motorway project. |