Santander, CaixaBank Said to Be Among Top Abengoa Lenders
- Spanish renewable-energy company to seek creditor protection
- Bank shares drop in Madrid on concern they will face losses
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Banco Santander SA, CaixaBank SA and Banco de Sabadell SA are among the largest bank lenders to Abengoa SA, the Spanish renewable-energy company that’s seeking protection from creditors.
Abengoa has total bank facilities of about 20 billion euros ($21.2 billion) including working capital, project-finance debt and loans, a document compiled by one of the creditors and seen by Bloomberg shows. Santander, Spain’s largest bank, has the largest exposure at 1.5 billion euros, with 125 million euros in corporate loans and 1 billion euros in working capital, the document shows.