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Resumen de Spain: Renewables restructuring trends.

  • The article reports that creditors have been working with sponsors' chief finance officers to resize projects to sustainable debt levels and agree on new base cases. The guidelines for restructuring involves amending the terms and conditions of the existing facilities by sharing efforts between creditors and sponsors. Other guidelines include partial conversion of the senior debt into PPL, updating the operations and maintenance, and introducing early repayment.


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