Abengoa SA creditors, including Banco Santander SA and HSBC Holdings Plc, have reached a final agreement to provide the troubled renewable energy company with a 106 million-euro ($116 million) credit line to help it pay workers’ salaries and suppliers.

Lenders expects to sign the final agreement this week, a spokesman for the group of banks said by phone late Tuesday. The loan will be backed by shares in Abengoa Yield Plc, the power plant operator created by Abengoa that trades in the U.S., he said.

Seville, Spain-based Abengoa, which has 8.9 billion euros of gross debt, is negotiating with the banks after it filed for preliminary creditor protection last month in a bid to stave off insolvency. The company has until the end of March to reach an agreement with creditors under Spanish bankruptcy law.

Abengoa has total bank facilities of about 20 billion euros ($21.9 billion) including working capital, project-finance debt and loans, according to a document compiled by one of the creditors and seen by Bloomberg News. The group of banks holding negotiations with Abengoa also include lenders such as Banco Sabadell SA, Banco Popular Espanol SA, Bankia SA and CaixaBank SA.

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