Parlem lands €1.8M in debt from Catalan lenders after ownership shakeup

What's the deal? Catalan telecom Parlem has secured €1.8 million in debt financing from the Institut Català de Finances (ICF) and Banc SabadellDealroom has a profile for this one. Try Dealroom → to cover immediate treasury needs. In a filing to BME GrowthDealroom has a profile for this one. Try Dealroom →, the exchange for small and mid-cap firms, the company said the financing forms part of its business plan to generate positive cash flow.

The breakdown: Parlem drew a first €800,000 tranche of a loan signed with the ICF, part of a €2.2 million credit under the ICF Pime Innova line for tech innovation projects. The rest comes from renewing an existing €1 million credit facility with Banc Sabadell.

Where the money goes: Parlem plans to invest the ICF funds in deploying artificial intelligence across internal processes and services. The Sabadell facility, which matures in August 2027, carries a minimum 3.15% interest rate and no financial covenants; its funds will cover general treasury needs.

Why now? The loans follow a shareholder meeting on August 7 that confirmed the biggest ownership change since Parlem's founding. The fund InvereadyDealroom has a profile for this one. Try Dealroom → and Málaga's MayoralDealroom has a profile for this one. Try Dealroom →-owning family, via their holding company Global Portfolio InvestmentDealroom has a profile for this one. Try Dealroom →, took a majority stake after the company converted €17.5 million of pending debt into shares.

What could go wrong? The reshuffle diluted the company's Catalanist wing — founder and president Enric Pérez-Mas and Ona CapitalDealroom has a profile for this one. Try Dealroom →, the fund of the Font family behind the Bon Preu groupDealroom has a profile for this one. Try Dealroom →. Pérez-Mas ultimately backed the restructuring, accepting the change of hands.

What's next? Six new board members were named at the extraordinary meeting — four backed by Inveready, chaired by Josep Maria Echarri, and two independents. The next board meeting is expected to bring structural changes at both executive and institutional levels.

The signal: Parlem's fresh debt underscores how the telecom is leaning on public and private lenders to steady its cash position as it enters a new chapter under different owners. With its debt now converted to equity and control shifting, the financing buys breathing room while the reshaped board sets its course.

Image credit: Savannah River Site