Release date: 10 February 2017
Promoter – Financial Intermediary
FARMAFACTORING ESPANA SA
The proposed operation concerns a linked risk-sharing guarantee instrument to be provided to a specialised factoring company with the aim of expanding its supply chain financing programme in Spain, enabling alternative access to finance for small and medium-sized enterprises (SMEs) and mid-caps.
The operation will improve access to finance for SMEs and mid-caps via a discount of commercial invoices.
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 2520 million
The side letter to the guarantee contract will provide allocation conditions to ensure compliance with the Bank's standard environmental and social requirements.
The Bank will require that projects financed under this operation comply with applicable domestic and EU legislation, as appropriate.
Signed - 10/07/2017
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).