Spanish steel group Celsa completed its financial restructuring through a €1.2 billion five-year bond issue, €200 million shareholder equity injection, & €600 million subordinated loan. The €2 billion total package fully refinances existing liabilities of nearly €2 billion. The company includes a €200 million revolving credit line for operational liquidity. Celsa reported €3.36 billion revenues in 2024 alongside a €281 million net loss attributed to debt burdens from previous ownership. The restructuring followed failed investment talks alongside Criteria Caixa. Celsa divested UK & Northern European operations to Sev.en Global Investments, using proceeds for debt reduction. Management anticipates improved 2026 conditions from construction demand & EU protective measures.