LLYC secures a syndicated loan of 47 million euros to boost its growth

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LLYC has formalized a syndicated financing agreement for an amount of 47 million euros. 30 million will be allocated to refinancing existing debt following recent corporate transactions. The remainder will be used for new acquisitions. The credit agreement has been signed with two entities, Caixabank and Banco Santander, and has been legally advised by Cuatrecasas, led by Agustín Cerdá Masip on behalf of the financial entities, and Latham & Watkins, directed by Luis Sánchez Méndez on behalf of LLYC.

With this operation, LLYC secures the necessary funds to support both organic and inorganic growth in the coming years and strengthens its financial structure.

So far in 2024, the Marketing and Corporate Affairs consultancy has made two acquisitions. The first, in February, was the purchase of 70% of Lambert in the United States. With this transaction, the largest in its history, the firm tripled its size in the world’s leading market for communication and public relations. In May, LLYC announced the acquisition of the Colombian firm Dattis, which has reinforced its leadership in the Andean country and Latin America.

“The syndicated loan will allow us to face the growth phase in which the firm is currently engaged, as outlined in our current Strategic Plan. Moreover, it will do so without jeopardizing the debt ratios to which we have committed in the market,” says Marta Guisasola, Partner and Global CFO at LLYC.

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