Wallbox completes creditor accession process for announced restructuring plan

Wallbox (WBX) has completed the creditor accession process for its previously announced financial restructuring plan, with HSBC and Citibank among the creditors joining the plan. The Company believes the broad participation reflects the confidence of the financial sector in the viability of the restructuring plan signed on April 8 with its main financial creditors and shareholders, as well as in Wallbox’s business strategy for the coming years. Following the signing of the agreement, Wallbox secured approximately EUR 11M in interim financing from certain shareholders and participating banks, which provides near-term liquidity and marks further progress in the execution of the restructuring process. The plan has been signed by the Company’s main financial creditors, including Spanish financial institutions, alongside international banks HSBC and Citibank. Other participating creditors include Banco Santander, Banco Bilbao Vizcaya Argentaria, CaixaBank, Instituto de Credito Oficial, Mora Banc Grup, Cofides, Institut Catala de Finances, and EBN Banco de Negocios. The restructuring plan has been submitted for court approval before the Commercial Court of First Instance in Barcelona. Once approved, the plan will become binding on all affected creditors, allowing Wallbox to move forward with its new capital structure.