Debtwire Financing Forum – Spain

A brand new event connecting the Spanish restructuring community!

Casino de Madrid

Agenda

08:30 - 09:00
CEST

Registration and breakfast

09:00 - 09:10
CEST

Chair’s welcoming remarks & Debtwire's 5 charts on Spain

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

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.

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

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?
10:10 - 10:50
CEST

Panel: Trends in Green Lending

Spain launched its inaugural sovereign green bond programme in 2021, but what are investors’ views on the trend of sustainability linked lending?

  • What is the difference between sustainability linked loans and green loans?
  • How is ESG performance measured in the sustainability criteria of green lending?
  • How can lenders ensure real impact rather than ‘green washing’?
MM
María Merry del Val Founding Partner, Attalea Partners
Evis Progonati
Evis Progonati Deputy Managing Editor, Debtwire ABS
10:50 - 11:20
CEST

Networking coffee

11:20 - 11:40
CEST

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

11:40 - 12:20
CEST

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?
Josefa Llinares
Josefa Llinares Head of Origination, Bybrook Capital
JL
Jaime Lamo de Espinosa Investment Director, Taconic Capital
Jesús Elche Muñoz
Jesús Elche Muñoz Global Head of Work Out, BBVA
12:20 - 13:00
CEST

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?
JO
Jose Antonio Oritz Vice President, Spain & Portugal, Pricoa Private Capital
RT
Rafael Torres Head of Private Debt - Iberia, Muzinich & Co
CP
Carles Pol Private Capital, Spain & Portugal, Goldman Sachs
13:00 - 13:40
CEST

Case Study: Distressed Sectors

This case study will review an opportunity within a distressed sector in Spain. The hospitality and transportation sectors felt the most impact from COVID-19, but what opportunities are there for investors amid government support?

Chiara Elisei
Chiara Elisei Managing Editor, Europe, Debtwire
13:45 - 15:00
CEST

Networking lunch & conference close

Chiara Elisei
Chiara Elisei Managing Editor, Europe, Debtwire