Abengoa Creditor Banks Said to Ask Adviser to Map Debt, Leverage
- Seven banks include Banco Santander, CaixaBank, HSBC
- Lenders met at KPMG office in Madrid to discuss Abengoa
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A group of seven banks including Banco Santander SA and HSBC Holdings Plc have asked KPMG to map out Abengoa SA’s jumbled pile of debt as well as its liquidity needs, according to three people familiar with the matter.
Officials from the banks met with representatives from their appointed adviser KPMG and law firm Uria Menendez on Monday and discussed the financial situation of the Spanish renewable energy company until well into the night at KPMG’s offices in Madrid, said the people, who asked not to be identified because the meeting was private.