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Gómez-Acebo & Pombo advises the financing banks on a €415m transaction for the Ontime Group.
2 October, 2026
Gómez-Acebo & Pombo advises a syndicate of banks led by Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander, S.A. and ING Bank N.V., Spanish Branch, on a €415m financing for the Ontime Group to refinance existing debt and support the Group’s organic and inorganic growth.
Gómez-Acebo & Pombo advised the financing lenders on the preparation, negotiation and execution of a €375m financing agreement granted to the Ontime Group, a leading logistics group in Spain. The financing is structured in three tranches: a €200m tranche to refinance existing debt; a €75m tranche to finance CapEx investments and acquisitions; and a €100m revolving tranche to fund the Group’s corporate and working capital needs.
In addition, the transaction included the amendment and restatement of a €40m syndicated factoring facility.
The transaction confirms the continued growth of the Ontime Group towards becoming one of the leading logistics groups in Spain and reflects the support of Spanish banks for the Group’s national and international expansion strategy.
The Team
The Gómez-Acebo & Pombo team was led by Rafael Aguilera and Carlos de la Luna, partner and senior associate, respectively, in the Banking & Finance practice.
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Director of Business Development, Marketing and Communications
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