Aedas Homes will refinance debt totalling €380 million following the takeover bid launched by Neinor Homes, which took control of the developer at the end of 2025. The transaction has been disclosed to the market through a relevant fact sent to the Spanish National Securities Market Commission.
According to the information provided to the regulator, the refinancing includes the early repayment of a bond issue worth €325 million, as well as the cancellation of a revolving syndicated loan amounting to €55 million. Both financial instruments had been formalised in May 2021.
The transaction is part of the reorganisation of Aedas' financial structure following the change in its shareholding structure, after Neinor acquired 79.2% of the capital through a takeover bid. At the same time, the company has launched a second takeover bid with the aim of acquiring 100% of the share capital.
The early repayment of the debt will be financed, in part, by a new issue of senior bonds, maturing in 2029, intended to replace part of the existing liabilities and adapt the financing structure to the developer's new corporate phase.
With this operation, Aedas is adjusting its debt profile following the entry of Neinor as a controlling shareholder, in a context of financial restructuring communicated in accordance with the transparency requirements established by securities market regulations.
