BBVA co-leads a new €800 million syndicated loan for Meliá Hotels International
BBVA has participated in the structuring and executing a new €800 million syndicated loan for Meliá Hotels International, Spain’s leading hotel group and a benchmark name in the domestic equity market. The transaction marks a strategic milestone for the company, representing its first major syndicated financing in nearly two decades.
With this deal, BBVA reinforces its position as a core banking partner to the tourism sector, acting alongside CaixaBank and Sabadell as Coordinating Bank, Bookrunner, Mandated Lead Arranger (MLA) and Sustainability Coordinator. BBVA has also been appointed Facility Agent.
Strengthening Meliá’s financial profile and growth strategy
The transaction has been positively received by the market, underpinned by Meliá’s strong financial fundamentals and proven creditworthiness. The financing will enable the hotel group to optimise its capital structure while providing greater comfort for its ambitious global growth and leadership strategy.
“We view this transaction very positively due to Meliá Group’s solid financial position, its leadership, and the clarity of its growth strategy. For BBVA, it means further consolidating a long-term relationship based on trust and support for its key strategic objectives”, says José Ramón Vizmanos, Head of CIB Spain at BBVA.
The facility has initially been structured as a conventional syndicated loan. However, within a maximum period of six months, it is expected to incorporate performance indicators linked to environmental and social targets, aligning Meliá’s financing strategy with its decarbonisation commitments and responsible tourism objectives.
Through this transaction, BBVA reaffirms its commitment to the hotel sector, supporting the transformation of large listed groups towards more efficient and sustainable business models.