Oct. 26 (Bloomberg) -- Aeropuertos Espanoles y Navegacion Aerea, the Spanish airport operator, hired banks to arrange a 500 million-euro ($644 million) loan to refinance debt.
Banco Bilbao Vizcaya Argentaria SA, Banco Santander SA and La Caixa will organize the transaction, according to a Madrid-based official at Aena, who asked not be named because of company policy.
The state-controlled company manages 47 airports in Spain and had 1.68 billion euros of short-term debt at the end of 2011, according to its annual report.
To contact the reporter on this story: Esteban Duarte in Madrid at email@example.com
To contact the editor responsible for this story: Paul Armstrong at firstname.lastname@example.org