Wallbox N.V. (NYSE: WBX) announced it has agreed on terms for a comprehensive restructuring plan with creditors representing more than 83% of its financial debt. The electric vehicle charging company said the agreement extends existing debt maturities to December 31, 2030.

The restructuring includes €169.6 million in debt refinancing structured through three main components: a €57.6 million framework loan with amortization beginning in the third quarter of 2026, a €69.1 million bullet instrument with payment-in-kind interest, and a €42.8 million working capital framework. All instruments mature in December 2030.

The plan incorporates €10.65 million in new capital and up to €12.5 million in additional bank financing. Strategic shareholders including Orilla Asset Management, Inversiones Financieras Perseo (Iberdrola Group), AM Gestio, Consilium, Mingkiri, and Wallbox's CEO will provide €5.65 million. The Generalitat de Catalunya will contribute €5 million through IFEM.

Principal lenders Banco Santander, BBVA, and CaixaBank have agreed to the restructuring terms. The company expects to receive €11 million in interim financing, including €5.65 million from shareholders through a bridge loan and €5.35 million from participating banks.

The restructuring plan requires court approval from the Commercial Section of the Court of First Instance of Barcelona and satisfaction of customary conditions. Once approved, the plan will become binding on all affected creditors.

"This milestone strengthens our financial position and marks the beginning of the next phase for the company, where we will focus on improving operational performance and consolidating our business in key markets," said Enric Asunción, co-founder and CEO of Wallbox.

The Barcelona-based company provides electric vehicle charging and energy management solutions in more than 100 countries worldwide.