Pricoa Private Capital’s relationship with Audasa began in 2022, when we provided €180.3 million to support the Company with a long-term refinancing under a complex market environment. Since then, we have been in contact and, in 2023, Audasa informed us that they were interested in a long-term financing to refinance upcoming bank maturities. In January 2024, Pricoa Private Capital provided a €84.9 million Senior Unsecured Loan Facility to the Company.
Audasa decided to partner with us given our i) existing, trusting relationship, ii) ability to provide long-term debt, and iii) certainty of execution.
We are very pleased to continue our partnership with Audasa and look forward to supporting the Company in the years to come. Our investment reinforces our local market presence and our ability to provide significant amounts of capital.