Manuel Mingot is a partner in the Financial Services team and leads the banking and finance team in the Madrid office. He is among the leading Spanish finance lawyers and is described as “a trusted adviser to domestic and international banks and funds” (Chambers Europe 2024/Chambers Global 2024), and is “widely recommended by clients” (The Legal 500 2024). Manuel advises lenders, borrowers and sponsors on a wide range of financing transactions at both local and cross-border levels (most often, as lenders’ counsel). He has vast experience acting for banks, alternative lenders, credit funds, private equity houses, sponsors and debt funds on leveraged finance, corporate lending, syndicated and bilateral facilities, private credit across all capital structures and commercial real estate finance. In the energy sector, Manuel has an established reputation as an experienced project finance adviser and is a usual choice for lenders, alternative lenders, borrowers, sponsors and developers in the project financing of power plants from renewable and clean energy sources on a variety of senior debt, project bond, mezzanine, unitranche and holdco structures. As a debt restructuring practitioner, Manuel has deep knowledge of restructuring tools and has advised on some of the most prominent debt restructuring and complex refinancing mandates in the Spanish market. In the international trade space, Manuel is active advising on a wide range of multijurisdictional receivables financings, structured trade finance and export-related financing transactions, often with a cross-border element. His practice also covers advising issuers and investors on the issue, underwriting and placement of notes and debt instruments, including regulatory and financial derivatives advice.

Manuel is recommended, ranked and cited as a leading individual lawyer in Chambers Europe (since 2015), Chambers Global, The Legal 500 and Leaders League directories. Manuel has a Ph.D. in law from Universidad Complutense de Madrid and is admitted to the bar in Madrid.

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Leveraged Finance

  • Advising Banco Santander as lender’s counsel on a multijurisdictional and multi-borrower senior secured facility to the Axpo Group.
  • Advising CaixaBank, PNC Bank, Bank of Montreal and the MLAs as lender counsel on a senior secured syndicated term loan and revolving credit facilities granted to Ferroglobe and FerroAtlántica.
  • Advising private credit fund Oquendo Capital as lender’s counsel on a sustainable term loan and revolving credit facility to Alannia Resorts.
  • Advising Banco Santander as lender’s counsel on a multijurisdictional and multi-borrower senior secured facility to the Faurecia Group.
  • Advising French infrastructure asset manager Eiffel Investment Group as lender’s counsel on a senior secured portfolio term loan and revolving credit facility to Capital Energy.
  • Advising Grupo Lar as borrower’s counsel on the senior secured real estate facilities granted by BBVA for the financing of the construction of the retail park Vidanova Park.
  • Advising Sabadell, BBVA and CaixaBank as MLAs as lender’s counsel on the syndicated acquisition facilities granted to Altan Pharmaceuticals for the acquisition of GES Genéricos Españoles Laboratorio, Genfarma Laboratorio and Biomendi.
  • Advising private credit fund Kartesia on the acquisition term loan and revolving granted to Hoteles Tecnológicos for the acquisition financing of High Tech Hotels & Resorts (Hotel Atelier).
  • Advising Park-Ohio Holdings on the syndicated senior secured acquisition term loan and revolving credit facilities granted by BBVA and CaixaBank for the acquisition financing of GH Electrotermia.
  • Advising private credit fund Oquendo Capital on a mezzanine senior secured term loan and revolving facilities granted to Negocios de Restauración del Sur (NRSur).
  • Advising Commify as borrower’s counsel on a multijurisdictional unitranche senior secured facility and related intercreditor arrangements granted by Ares Management.

Project Finance

  • Advising German bank Nord/LB as MLA, LC issuing bank, facility agent and hedge provider as lender’s counsel on the non-recourse long-term senior secured project finance facilities granted to SPVs owned by L&G NTR Clean Power Fund for the PPA backed project financing of 115MWp solar PV plants in Ciudad Real and Granada.
  • Advising the European Investment Bank and asset manager Ben Oldman as co-financers, as lenders’ counsel, on a non-recourse unitranche senior project finance facility to UK developer Mithrasol for the construction financing of 11 merchant solar PV plants in Spain of 50MWp.
  • Advising French infrastructure asset manager Eiffel Investment Group as lender’s counsel on a senior secured project finance facility to Box2bit for the construction and operation of three green sustainable data centres with an estimated future electrical supply of capacity of 300MW.
  • Advising French infrastructure asset manager Eiffel Investment Group as lender’s counsel on a non-recourse senior secured project portfolio facility to Capital Energy in order to finance a portfolio of five wind farms and one solar PV plant totalling in aggregate 267MW.
  • Advising Banco Santander as MLA and agent bank and the syndicate of lenders as lender’s counsel on the non-recourse senior secured project financing facilities of three wind farms of Grupo Ibereolica in Puebla de Sanabria totalling 100MW.
  • Advising German bank Bayern Landesbank (BayernLB) as MLA, LC issuing bank, arranger and hedge provider as lender’s counsel on the non-recourse long-term senior secured project finance facilities granted to Solaria for the PPA-backed project financing of 105MWp solar PV plants in Palencia and Toledo under a pay as produced PPA with Alpiq.
  • Advising Unicaja Banco as MLA and agent bank as lender’s counsel on a non-recourse long-term senior merchant project finance facility to Jarmar for the financing of the 45MW Lastras del Pozo merchant solar PV plant in Segovia.
  • Advising French asset manager Zencap AM on a mezzanine recap facility to Grupo Rotonda for the shareholders equity financing of three merchant solar PV plants in Bonete of 80MW.
  • Advising French infrastructure asset manager Eiffel Investment Group and Dunas Capital as lender’s counsel on a mezzanine development facility to Dunas Capital FCR for the development financing of the Santa Elvira merchant solar PV plant of 233MW in Seville.
  • Advising French infrastructure asset manager Eiffel Investment Group as lender’s counsel on the project finance facilities of the 50MWp Puerto Real 2 merchant solar PV plant in Puerto Real.
  • Advising Repsol and Grupo Ibereólica as sponsors on the non-recourse senior project finance facilities granted by Sumitomo Bank, DNB Bank, MUFG and ICO to Ibereólica Cabo Leonés for the construction and development of the 188MW Cabo Leones III wind farm in Atacama, Chile.
  • Advising Pan American Energy as sponsor’s counsel on the project financing for the construction financing of the 423MW Novo Horizonte wind farm in Ibitiara, Brazil.
  • Advising Solaria as issuer’s counsel on the issue of a non-recourse long-term senior secured project bond issued and listed on the German Freiverkher Frankfurt open market for the debt refinancing of the 10MWp Magacela solar PV plant.
  • Advising EDF Trading on a financial PPA entered with Foresight Group.
  • Advising EDF Trading on the PPA-backed project financing of a 49MWp Guzman solar PV project financing in Huelva.
  • Advising asset managers Sienna/Acofi and Zencap AM as lender’s counsel on a mezzanine loan facility to Greenalia for the shareholders equity financing of the Eolo I portfolio of five merchant wind farms in Coruña totalling 75MW.
  • Advising Solaria as issuer’s counsel on the amendment and restatement of three non-recourse senior secured project bonds issued by Solaria on the Spanish AIM MARF privately placed to institutional investors in relation to the Globasol and Fuenmayor solar PV plants.
  • Advising BBVA as MLA and agent bank and the syndicate of lenders as lenders’ counsel on the non-recourse senior secured project finance facilities of the “Padornelo” 50MW wind farm of Grupo Ibereolica in Lubian.
  • Advising French infrastructure asset manager Eiffel Investment Group as lender’s counsel on the bridge finance facilities to German developer Green City Energy for the development of a Spanish solar PV pipeline of six merchant PV plants in Murcia and Zaragoza.
  • Advising the MLAs and lenders as lender’s counsel on the syndicated non-recourse senior project finance facilities granted to EDP Renovaveis for the construction and development of the wind farms “Monsevaine”, “La Celaya” and “Umbria” in Galicia.
  • Advising Santander, CaixaBank and Abanca as MLAs on the syndicated non-recourse project financing facilities granted to Siderurgia Hierros Añón for the construction and exploitation of a steel plant in Brazil.
  • Advising Endesa, Naturgy, ENI and Iberdrola as sponsor’s counsel on the syndicated long-term project financing facilities granted by the EIB to Saggas for the construction of an LNG plant in Sagunto.

Debt Restructuring

  • Advising Banco Santander, CaixaBank, Sabadell and the lenders on the syndicated consensual restructuring plan of Grupo Alimentario Copese.
  • Advising Banco Santander, CaixaBank and BBVA on the syndicated consensual restructuring plan of Centros Único.
  • Advising Banco Santander, CaixaBank, BBVA, Sabadell and the lenders on the syndicated non-consensual restructuring plan and court cram-down homologation proceedings of Grupo Ogi Berri.
  • Advising Banco Santander, CaixaBank, DB and the lenders on the syndicated non-consensual restructuring plan of Congelados Videmar.
  • Advising Banco Santander, CaixaBank, BBVA and Sabadell on the syndicated consensual restructuring plan of We Are Knitters.
  • Advising Banco Santander, CaixaBank, BBVA and Sabadell on the syndicated restructuring plan of Grupo Transmisión.
  • Advising CaixaBank, Banca Pueyo and the lenders on the syndicated nonconsensual restructuring plan of Grupo Campo y Tierra.
  • Advising PNC Bank, CaixaBank and Bank of Montreal on the syndicated senior secured debt restructuring and intercreditor arrangements of Ferroglobe with senior bondholders.
  • Advising Banco Santander, CaixaBank, Cofides and the lenders on the syndicated senior secured debt restructuring of Grupo Stin and related rescue recapitalisation financing from Spanish state rescue fund Fonrec Cofides.
  • Advising CaixaBank, BBVA and Santander and the lenders on the syndicated restructuring plan of Bodegas Navarro and Bodegas Valoria.
  • Advising Santander, CaixaBank, BBVA, DB and the lenders on the syndicated nonconsensual restructuring plan of Marqués de la Concordia Family of Wines and related rescue recapitalisation financing from Spanish state rescue fund Fonrec Cofides.
  • Advising BBVA, Santander, Sabadell, DB and CaixaBank on the syndicated debt restructuring of Spanish-listed engineering group Artificial.
  • Advising CaixaBank on the debt restructuring and court homologation proceedings of concessionaire and contractor Eurofinsa and the subsequent court insolvency proceedings.
  • Advising Santander, BBVA, Sabadell, DB and CaixaBank on the syndicated debt refinancing of Mundo Reader (BQ) and post-restructuring security enforcement proceedings.
  • Advising H.I.G. Capital on the senior secured debt refinancing of affiliate Compañía del Trópico de Café y Té and post-restructuring security enforcement proceedings conducted in Luxembourg.
  • Advising Albastar and Sherpa Capital on the debt restructuring of Albastar and the related rescue recapitalisation financing granted to Albastar from Spanish state rescue fund Fonrec Cofides.
  • Advising Banco Santander, Sabadell, CaixaBank and DB on the syndicated senior debt restructuring and court homologation proceedings of High Tech Hotels and Petit Palace Hotels.
  • Advising Martinsa Fadesa on its syndicated senior secured debt restructuring and the subsequent court insolvency proceedings of Martinsa Fadesa.
  • Advising Fernando Martín Álvarez on its personal insolvency proceedings following the major insolvency of Martinsa Fadesa.

Real Estate Finance and NPLs

  • Advising Grupo Lar on the senior secured real estate facilities granted by BBVA for the financing of the construction of the retail park “Vidanova Park”.
  • Advising French infrastructure asset manager Eiffel Investment Group as lender’s counsel on a senior secured project finance facility to Box2bit for the construction and operation of three data centres.
  • Advising debt fund Oquendo Capital on a sustainable loan and revolving facility to Alannia Resorts.
  • Advising Abanca on the mortgage facilities granted to Mitiska Reim for the financing of the shopping centre “Patios de Azahara”.
  • Advising Kartesia on the senior secured term loan facilities granted to High Tech Hotels & Resorts.
  • Advising Oquendo Capital on a “build to rent” senior facility granted to Grupo Momentum.
  • Advising Oquendo Capital on a mortgage facility granted to Servatur Hotels & Resorts.
  • Advising the syndicate of lenders on the senior secured debt refinancing of High Tech Hoteles (Hotel Atelier).
  • Advising Altamira Asset Management as trusted adviser on the due diligence and sale of the secured NPL portfolios Dubai V, Dubai VI, Dubai VII and Dubai VIII.
  • Advising Altamira Asset Management as trusted adviser on the due diligence and sale of the secured NPL portfolios Gasset and Guadiana.
  • Advising Bankia on the NPL project “Italica” sale of three unsecured NPL portfolios to Cerberus and Elliott Management.
  • Advising Grove Capital Management on the purchase of a portfolio of unpaid invoices from Vodafone and Ono.
  • Advising SAREB on the project “Indigo” sale of a secured loan portfolio to Deutsche Bank AG London.
  • Advising SAREB on the project “Arroyofresno” sale of a real estate and loan portfolio to Construcciones Amenabar and CP Pinilla.
  • Advising Abanca on the sale of a large secured NPL portfolio.

Trade Receivables, Export and Trade Finance

  • Advising Banco Santander on a multijurisdictional multi-borrower trade receivables purchase and service programme (RPA) to Heineken.
  • Advising Banco Santander on a multijurisdictional multi-borrower trade receivables purchase and service programme (RPA) to Grupo Gonvarri.
  • Advising Pan American Energy on an export finance facility granted by US ECA EXIM Bank for US equipment financing of oil and gas production and processing units to be installed in Spain and Mexico.
  • Advising PNC Bank as agent bank and arranger on a senior secured syndicated ABL asset-based trade receivables facility to the Ferroglobe group.
  • Advising Banco Santander on a multijurisdictional multi-borrower trade receivables purchase and service programme (RPA) to the Axpo Group guaranteed by credit insurance arranged by COFACE.
  • Advising the Department of Finance of Dubai in connection with an export finance backed syndicated credit facility granted by Banco Santander, First Abu Dhabi Bank, HSBC Bank, Intesa Sanpaolo and Standard Chartered Bank for the financing of a 15 km extension of Dubai Metro’s Red Line backed by Spanish export credit provider CESCE.
  • Advising Banco Santander on a multijurisdictional multi-borrower trade receivables purchase and service programme (RPA) to the Faurecia Group guaranteed by credit insurance arranged by COFACE.
  • Advising Raiffeisen Bank on a multijurisdictional and multi-borrower trade receivables securitisation for the EuroChem Group under credit insurance arranged by Euler Hermes.
  • Advising Network Steel Group on an export credit facility backed by Chinese ECA provider Sinosure for the sale of steel products in China.
  • Advising Hyperion Materials and Technologies on a multijurisdictional trade receivables securitisation facility arranged by Hannover Funding Company and Nord LB.
  • Advising Eurofactor on a multijurisdictional trade receivable purchase and service agreement with the Cooper Automotive Group.
  • Advising Wells Fargo Bank on a senior secured ABL facility to the English group Whittan.
  • Advising PDVSA Gas on a trade finance facility granted by Elecnor for the financing of the 52 km Arichuna-Guarenas gas pipeline in Venezuela.
  • Advising ABN AMRO Commercial Finance and Deutsche Bank on a multijurisdictional trade receivables facility (RPA) to the Stay Group.
  • Advising Raiffeisen Bank on a multijurisdictional trade receivable purchase and service agreement (RPA) for the Gindre Group.

Debt Capital Markets

  • Advising French infrastructure asset manager Eiffel Investment Group as notes purchaser in connection with the issue and private placement of senior notes issued by Capital Energy in order to finance a portfolio of five wind farms and one solar PV plant totalling 267MW.
  • Advising Pan American Energy as trusted adviser and issuer's counsel in connection with the issue and offering of senior notes under Rule 144A and Reg. S international offerings under its offering circular and exchange programs.
  • Advising Solaria as issuer's counsel on a senior secured project bond issued and listed by Solaria’s affiliate Magacela Solar on the Freiverkher Frankfurt market for the debt refinancing of the 10.9MWp Magacela solar PV plant.
  • Advising French infrastructure asset manager Eiffel Investment Group in connection with the issue and placement of senior notes issued by developer Dunas Capital in order to finance a solar PV plant of 233MW in Seville.
  • Advising Solaria as issuer's counsel on the amendment and restatement of three senior secured notes issued and listed by Solaria on the Spanish fixed-rate market MARF.
  • Advising Raiffeisen Bank International on a trade receivables securitisation of senior notes of the EuroChem Group listed on the Euro MTF market of the Luxembourg Stock Exchange.
  • Advising French infrastructure asset manager Eiffel Investment Group in connection with the issue and private placement of senior secured notes issued by the developer Prodiel in order to finance the Devex development of a portfolio of PV plants of ENEL Europe totalling 1,100MW.

Education

  • Universidad Complutense de Madrid, Ph.D., (Doctor en Derecho), summa cum laude, 2016
  • Universidad Complutense de Madrid, Law Degree, 1993

Languages

  • Spanish
  • English
  • Chambers – Recommended and cited as a “leading individual” in Chambers Europe 2024 and Chambers Global 2024 for Banking and Finance (recommended in Chambers since 2015). Testimonials in Chambers Europe 2024, 2023, 2022 and 2021 include the following comments from clients:
    • “Manuel Mingot of Squire Patton Boggs is a trusted adviser to domestic and international banks and funds due to his expertise in various banking and finance mandates ranging from debt financing and refinancing to restructuring and project financing. He also assists with a multitude of cross-border transactions.” (Chambers Europe 2024 and Chambers Global 2024)
    • “Manuel Mingot is an experienced lawyer with a practical approach to matters. He is able to manage a good balance between the commercial needs and legal requirements” and “Manuel Mingot is an expert in translating business needs into the legal language, always providing efficient solutions.” (Chambers Europe 2023 and Chambers Global 2023)
    • “Manuel Mingot of Squire Patton Boggs is a trusted adviser to domestic and international banks and funds due to his expertise in various banking and finance mandates ranging from mezzanine loans and debt refinancing to receivables finance programmes and project financing. Based in Madrid, Manuel Mingot also assists with a multitude of cross-border transactions. Sources consider Manuel Mingot to be ‘very dedicated to the transaction and to his clients,’ further highlighting his ‘very appreciated attention, which gives confidence to foreign investors’.” (Chambers Europe 2022 and Chambers Global 2022)
    • “Manuel Mingot is ‘practical and constructive’ and noted his ability to handle complex financing transactions. He often acts for groups of lenders on refinancing or debt restructuring matters, including those that are coordinated with counsel in other jurisdictions. He also handles direct lending and factoring receivables transactions. Clients say that Mingot is ‘accessible, hard-working and has deep knowledge’.” (Chambers Europe 2021 and Chambers Global 2021)
  • The Legal 500 – Recommended as a leading individual in The Legal 500 Europe for Spain – Banking & Finance, Project Finance and Energy and Restructurings & Insolvency. Testimonials of The Legal 500 Europe in 2024, 2023, 2022 and 2021 include:
    • “Manuel Mingot is available and knowledgeable of the market and players. Manuel Mingot and his team have very important flexibility. In the transaction we carried out they collaborated both in contractual drafting and legal due diligence tasks, the scope of which were very quickly adapted. Manuel Mingot is a professional with a lot of experience and a great partner.” (2024)
    • “Our experience with Manuel Mingot has always been very good. His advice is technically correct, and he has managed to adapt to our requirements and timelines.” (2023)
    • “We are very happy with the quality of Squire Patton Boggs’ and Manuel Mingot’s expertise and services, and we are very confident that we can rely on their judgement.” (2023)
    • “High availability. Client-focus by understanding well what the client is looking for. Strong reactivity.” (2022)
    • “Best law firm in the energy and financing sector that has advised us as of today – Especially Manuel Mingot, Alberto Paris.” (2022)
    • “Manuel Mingot is recommended.” (2021)
    • “Magnificent integration with the client team, providing accurate advice.” (2020)
    • “They invest in the relationship with the client.” (2020)
    • “Ability to provide assistance in different countries with the same quality of service and customer service, at a reasonable cost.” (2020)
  • Leaders League – Highly recommended by Leaders League in Banking & Finance and Project Finance, and recommended by Leaders League in Restructuring & Insolvency.
  • Best Lawyers – Selected in Best Lawyers 2022 directory for Spain for Banking & Finance since 2011.

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