Banco Santander and BNP Paribas EUR 875 million debt financing for SigmaRoc

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We acted as the Finnish legal counsel for Banco Santander and BNP Paribas in relation to providing a debt financing package totalling 875 million euros for SigmaRoc plc. The financing comprises a senior term and revolving facility of 750 million euros and a senior bridge facility of 125 million euros. These funds will be used to partially finance the acquisition of CRH plc’s European limestone quarry businesses in Germany, Poland, Czechia, the United Kingdom and Ireland, with the total consideration for the acquisition amounting to 1 billion euros.