Urbaser adds €200M to bond, one of Spain's largest debt raises
What's the deal? UrbaserDealroom has a profile for this one. Try Dealroom →, a Spanish provider of integrated waste management and environmental services, has issued €200 million in 5.500% Senior Secured Notes due 2032. ProskauerDealroom has a profile for this one. Try Dealroom → advised the placement agent and institutional investors on the offering.
The details: The notes came as a private tack-on to the €800 million in 5.500% Senior Secured Notes due 2032 that Urbaser sold in its debut high yield issuance earlier in 2026. That brings the company's total under the 2032 notes to €1 billion.
Why now? The raise lands as ownership shifts. Funds managed by Blackstone InfrastructureDealroom has a profile for this one. Try Dealroom → and EQT Infrastructure agreed in February to jointly acquire Urbaser from Platinum EquityDealroom has a profile for this one. Try Dealroom →, a deal still pending completion.
Who worked on it: Proskauer's high yield team was led by partners Jake Keaveny, co-head of global capital markets, and Courtland Tisdale, with associates Pierfrancesco Bencivenga and Rana Khan.
The signal: At $200 million, this ranks among the largest debt rounds ever recorded in Spain, above the 94th percentile of more than 1,200 comparable deals. Tapping the same 2032 notes signals investor appetite for the credit as infrastructure heavyweights prepare to take the reins.
Read more: proskauer.com
Image credit: simbiosc
