Debtwire Financing Forum – Spain 2022

A brand new event connecting the Spanish restructuring community!

Casino de Madrid, C. de Alcalá, 15, 28014 Madrid


08:30 - 09:00

Registration and breakfast

09:00 - 09:10

Chair’s welcoming remarks & Debtwire's 4 charts on Spain

Chiara Elisei
Chiara Elisei Managing Editor, Europe, Debtwire
Juan Mariño
Juan Mariño Head of Restructuring Data, EM, Debtwire
09:10 - 09:30

Keynote presentation: 2022 Spanish Macro Outlook

In this keynote presentation, the speaker will review the economic outlook for Spain and what this means for the debt and credit markets. The speaker will analyse the main trends in credit markets including sponsor-backed M&A, issuance, pipeline, and maturities.

Juan Ignacio Diaz Bidart
Juan Ignacio Diaz Bidart Chief of Staff of Industry, Commerce and Tourism Ministry
09:30 - 10:20

Panel: Spanish Leveraged Finance Outlook

Low interest rates are expected to spur a large volume of investment from Spanish corporates and sovereigns in the leveraged finance market. A surprise from the pandemic has been the knock-on effect of cheap money leading to investors looking towards the Spanish high yield market for opportunities. This panel discussion will review:

  • What are lenders’ views of the Spanish market?
  • What is the pipeline for loan and bond issuance in Spain?
  • Has leverage reached new heights or is it starting to plateau?
10:20 - 11:00

Panel: Trends in Green Lending

Spain launched its inaugural sovereign green bond programme in 2021, and has seen a substantial growth in green syndicated loans so far in 2022. In this panel we will discuss:

  • Overview of Spanish green lending market, how it compares to the rest of Europe, trends and challenges
  • Regulatory requirements on reporting ESG reporting and disclosures. Concerns around taxonomy alignment.
  • How can lenders ensure real impact rather than ‘green washing’?
María Merry del Val Founding Partner, Attalea Partners
Evis Progonati
Evis Progonati Deputy Managing Editor, Debtwire ABS
11:00 - 11:30

Networking coffee

11:30 - 11:50

Presentation: Practical approach to pre-insolvency restructurings in the proposed new insolvency act

Rafael Aguilera Álvarez
Rafael Aguilera Álvarez Partner, Banking and Finance, Gomez-Acebo & Pombo
11:50 - 12:30

Panel: Spanish Restructuring Outlook

Activity in the distressed and restructuring space in Spain has remained subdued recently as investors have turned their attention to other opportunities. However, dealmakers do expect a wave of distressed deals to come once government measures to assist companies during the pandemic come to an end. Panellists will discuss:

  • When will the wave of distressed opportunities reach the market?
  • How has the SEPI scheme affected the market and Spain’s economy?
  • What will the aftermath of the pandemic bring in terms of distressed opportunities and challenges?
12:30 - 13:20

Panel: Direct Lending Landscape in Spain

Spain is an increasingly attractive market for private debt investors. Over recent years, private equity investment in Spain has progressively increased as well as direct lending which experts believe will grow exponentially in the future. Panellists will review:

  • How will the consolidation of the Spanish banking sector affect direct lending?
  • What will direct lenders’ role be in LBOs in the Spanish market?  
  • How is documentation evolving?
Jose Antonio Oritz Vice President, Spain & Portugal, Pricoa Private Capital
Rafael Torres Head of Private Debt - Iberia, MUZINICH & CO
Carles Pol Executive Director, Private Credit, Spain & Portugal, Goldman Sachs
13:20 - 15:00

Networking lunch & conference close

Chiara Elisei
Chiara Elisei Managing Editor, Europe, Debtwire