06 Nov 2025

DLA Piper advises bank syndicate on €400 million refinancing for Minor Hotels

"DLA Piper advised a pool of banks coordinated by BBVA, CaixaBank and Banco de Sabadell on a €400 million financing to Minor Hotels Europe & Americas (formerly NH Hotel Group) to refinance senior debt maturing in July 2026 and to provide a revolving credit facility. The cross‑border transaction involved Spain, Italy, Belgium and the Netherlands."

The international law firm DLA Piper represented a pool of financial institutions coordinated by BBVA, CaixaBank and Banco de Sabadell in granting a €400 million financing to Minor Hotels Europe & Americas (formerly NH Hotel Group). The transaction, with a total amount of €400 million, was arranged to refinance Minor Hotels’ senior debt falling due in July 2026 and to provide a revolving credit line. The operation was structured as a cross-border financing and involved multiple jurisdictions, namely Spain, Italy, Belgium and the Netherlands. The transaction coordination was led by Jesús Zapata, Managing Partner of DLA Piper’s Madrid office. DLA Piper represented the pool of financial institutions coordinated by BBVA, CaixaBank and Banco de Sabadell with a team composed by: Jesús Zapata, Managing Partner (Madrid office); Claudio D’Alia, lead Italian counsel; Giovanni Ragnoni Bosco Lucarelli, Partner (supervising); Mariacarmela Timpone, lawyer; Camilla Corradini, lawyer; Paola Nardella, lawyer.
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