RCD news
Synergym signs a ground-breaking syndicated loan agreement for EUR 70 M to open 80 new gyms
Synergym, a leading gym chain in Spain, has secured a syndicated loan agreement for EUR 70 M led by Santander, BBVA, Deutsche Bank, and Unicaja
The loan is aimed at supporting the strategic plan of the fitness group, which plans to open 80 new gyms in less than two years, reaching a total of 200 sports centres in Spain.
This is the first time that a company with this business model has achieved a financial transaction of this nature.
A team led by Iñigo Montesino-Espartero, Partner of the Corporate and Commercial Law Department, participated in advising Synergym on this transaction.
