Large Steel Group

Case Study

Gordon Brothers has provided a €3 Million financing package to a large Spanish steel conglomerate (the “Group”).  The funds are being provided through the sale and leaseback of machinery and equipment.  The assets included in the deal belong to the metal recovery company of the Group and are mainly scrap handling machinery, such as fragmentiser plant, shears, wire granulating line, material handlers, forklift trucks and similar equipment.

The Group is negotiating a debt restructuring deal with its financial creditors.  To support its liquidity during such process, and to address operational challenges resulting from the COVID-19 pandemic, the Group has sought to raise temporary funds against its assets and has reached an agreement with Gordon Brothers.

Gordon Brothers has significant experience in the steel industry in Spain and all over Europe, having undertaken a number of valuations in various company restructuring proceedings. Our regional and deep sector expertise allowed us to complete the valuation of these assets in an accelerated time-frame and provide an efficient source of liquidity to the Group.