Molins has signed the third amendment to its sustainable syndicated financing, originally formalised in 2019 and first amended in 2021, followed by a second amendment in 2023.
This third novation continues to be classified as a "sustainability linked loan" and extends the maturity by another two years until November 2030, maintaining the amount to €300 million divided between a term loan of €75 million and a revolving credit facility of €225 million. All other terms and conditions also remain unchanged.
The financing, which was the first sustainable syndicated financing in the building materials and solutions sector in Europe, continues to be linked to sustainability targets, specifically to the reduction of carbon emissions, one of the main drivers of the company's sustainability roadmap.
The novation was signed by all the financing entities and involves CaixaBank, acting as agent, sole bookrunner and mandate lead arranger, Banco Sabadell, BBVA, and Banco Santander, acting as mandate lead arrangers, and HSBC and Banca Intesa Sanpaolo, acting as participants. Likewise, Sustainalytics has issued an independent opinion on the sustainability credentials, and Clifford Chance acted as legal counsel to the lenders.
Molins presents a solid financial position with marginal leverage levels as of September 2025. Jorge Bonnin, Chief Financial Officer at Molins, highlights the importance of the novation to the sustainable syndicated financing: “With this novation, we extend the maturity of our debt and achieve a more balanced profile for the coming years, while maintaining the existing terms and conditions. In addition, we take advantage of the expected moderation in interest rates over the medium term, which strengthens our financial position. Together with strong cash generation, this enhances the company’s ability to seize new growth opportunities and advance investments aligned with our 2030 sustainability roadmap”.
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