Spain’s Grupo Secuoya has ended a €100 million financing process that will allow the company to strengthen its local position and, above all, boost expansion across Latin America.
Through two credit lines of €65 million and €35 million, the group has secured the roll-out of its expansive strategy for the coming years.
“After several years working and consolidating our position in Chile, Peru and Colombia, Secuoya is focusing on growing across Latin America, tackling new projects and entering new territories such as Mexico,” pointed out the Spanish media group through a release.
As part of the strategy, the company created a Bogota-based Latin American business unit earlier this year.
The funding boost will enable Secuoya to carry on building its new production facility in Spain, La Ciudad de la Tele, which is expected to be done by the end of 2018.
The financing process has been carried out by Global Bankers Capital as mandated lead arranger and Colorado Bankers Life as financing. The operation counted also on Beka Finance as adviser.