Core Insights - Wallbox has entered into a Commercial Agreement with core banking partners and major shareholders to extend debt maturities and inject €22.5 million in liquidity through a mix of debt and equity, aiming to renew its capital structure [1][2][3] Financial Restructuring - The agreement involves a term sheet with key banking partners, including Santander, BBVA, and CaixaBank, covering approximately 65% of existing debt, and outlines terms for a renewed capital structure [3][4] - Wallbox plans to refinance its financial debt through a new syndicated structure with revised maturities and interest terms, enhancing liquidity and reinforcing its capital structure [4][6] - The restructuring includes refinancing €55 million of existing loans into a new syndicated term loan maturing in December 2030, with limited quarterly payments starting in Q3 2026 [5][6] - A new €63.2 million bullet instrument is proposed, maturing in December 2030, with payment-in-kind (PIK) interest [5] - The working capital facilities will be restructured into a €52.3 million syndicated line maturing in December 2028, featuring automatic extensions unless opposed by lenders [5] Equity Investment - Wallbox is seeking to raise €10 million in new equity to strengthen its capital structure, with €5 million expected from key shareholders through private placements or rights offerings [7][12] - The Commercial Agreement is non-binding but provides a framework for finalizing the renewed capital structure [7] Implementation Timeline - Wallbox anticipates finalizing negotiations and completing the equity raise in the coming weeks, with plans to file for judicial approval under Spanish law to facilitate the implementation of the agreement [8] Management Statements - The CEO of Wallbox emphasized the importance of the agreement in reinforcing the company's long-term financial position and expressed gratitude for the support from banking partners and shareholders [9] - The CFO highlighted that the proposed capital structure would provide a more balanced and sustainable financial framework, enhancing liquidity and operational stability [9]