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Signature(s)

Amount
€ 90,000,000
Countries
Sector(s)
Spain : € 90,000,000
Credit lines : € 90,000,000
Signature date(s)
12/04/2019 : € 15,000,000
20/07/2017 : € 75,000,000
Link to source

Summary sheet

Release date
22 March 2017
Status
Reference
Signed | 20/07/2017
20160354
Project name
Promoter - financial intermediary
ADE LOAN FOR SMES & MIDCAPS
Agencia de Innovacion y Financiacion Empresarial de Castilla y Leon SA ("ADE")
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 90 million
Not applicable.
Location
Sector(s)
Description
Objectives

The operation consists of a loan to the regional financial agency Agencia de Innovación y Financiación Empresarial (ADE). The EIB loan will be used by ADE and its subsidiary, ADE CAPITAL SODICAL SCR, to provide financing to local small and medium-sized enterprises (SMEs) and mid-caps in the form of senior loans, subordinated loans and risk participations.

Financing of small/medium projects carried out by SMEs and mid-caps

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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