Celsa’s board of directors has announced a new restructuring of the Spanish steelmaker’s finances. This includes a €200 million ($231.4m) cash contribution by current shareholders to the company’s capital, as well as €600m in the form of a subordinated loan.
The refinancing will include “appealing to the debt capital markets”, according to Celsa’s statement monitored by Kallanish. “The adjustment marks the end of the financial reorganisation process that began in September 2023, following the change in control of the company.”
Thanks to the implementation of its industrial plan and a more favourable macroeconomic environment forecast for the steel sector in 2026, Celsa expects significant economic growth and a recovery in revenue next year.
The steelmaker has called an extraordinary shareholders’ meeting on 4 December.
Todor Kirkov Bulgaria
