Release date: 22 March 2017
Promoter – Financial Intermediary
Agencia de Innovacion y Financiacion Empresarial de Castilla y Leon SA ("ADE")Location
Description
The operation consists of a loan to the regional financial agency Agencia de Innovación y Financiación Empresarial (ADE). The EIB loan will be used by ADE and its subsidiary, ADE CAPITAL SODICAL SCR, to provide financing to local small and medium-sized enterprises (SMEs) and mid-caps in the form of senior loans, subordinated loans and risk participations.
Objectives
Financing of small/medium projects carried out by SMEs and mid-caps
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 90 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/07/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).