Siresa Campus Closes Financing Agreement with Financial Institutons

Cuatrecasas advised a group of banks, including Crédit Agricole Corporate and Investment Bank, BNP Paribas, CaixaBank, Banco Santander, Novo Banco, and Banco Sabadell, on a syndicated financing facility of approximately EUR 500 million to Siresa Campus, S.L.U. (Resa Group).

The transaction will allow Resa, Spain’s largest student housing group, controlled by the Dutch fund PGGM, to refinance its debt and strengthen its financial structure.

The new financing will also fund Resa’s organic growth. The company serves more than 12,000 students each year through 45 residences in 23 cities across Spain.