Spanish steel group Celsa has finalized its financial restructuring, successfully securing the funds needed to refinance nearly EUR 2 billion in liabilities.

The company has placed EUR 1.2 billion in five-year bonds. Besides, shareholders approved a EUR 200 million capital injection and a EUR 600 million subordinated loan last week.

This financial restructuring provides Celsa with sufficient resources and includes a new EUR 200 million revolving credit facility for operational liquidity. Despite a EUR 281 million net loss in 2024, Celsa foresees a favorable 2026 due to stronger construction demand and European measures and tariffs.