BBVA leads a €220 Million syndicated receivables finance transaction for Antolín

BBVA has played a key role in Antolín’s recent syndicated receivables finance transaction, structured under the Receivables Purchase Finance Program (RPP) modality, for a total amount of €220 million. The transaction consists of an accounts receivable financing program, covering obligors from more than 12 jurisdictions in Europe and America.

BBVA has led this operation as agent and structuring bank. The transaction allows Antolín to anticipate, under a single facility, its accounts receivable from 43 subsidiaries located in multiple countries, optimising the management of its working capital at a global level, in order to finance the additional efforts in OPEX that the company has defined within its transformation plan.

BBVA's participation in this operation reaffirms its commitment to the sustainable growth of Antolín and demonstrates its ability to offer innovative financial solutions adapted to the specific needs of its clients.   It is a structure designed to optimize the needs of the company's working capital. Thanks to this transaction, Antolín will improve its operating cash flow, in a flexible way, and aligned with its sales, thus strengthening its position in a highly competitive environment.

Inés Campos, managing director responsible for Structured Receivables Finance at BBVA, stated that: “We are we are delighted to have supported our client, Antolin, with a tailored solution that demonstrates our ability to implement working capital solutions adaptable to the needs of our clients. We appreciate the trust placed in BBVA and we are pleased to continue advising Antolin in achieving its working capital optimization objectives. This collaboration demonstrates our commitment to provide innovative and flexible solutions that meet the unique needs of our clients”.

BBVA's wide range of working capital solutions helps clients optimize their cash and commercial flows. These solutions are essential so that companies can cover their short-term treasury obligations, without ever losing sight of their long-term sustainability. BBVA’s platforms, products and services allow clients to achieve a dynamic balance between accounts payable and accounts receivable within the cash conversion cycle, and can be adapted to the specific needs of each client.