Family office of María Bernabé steps in to rescue defense contractor Alfariver with debt restructuring plan

María Bernabé’s family office has agreed to extend the repayment terms for Alfariver’s €30.9 million debt as part of a restructuring plan. The move prevents a potential default, preserves the company’s valuation range of €26‑35 million, and keeps its defense operations operational. Who is involved: Family office of María Bernabé, defense contractor Alfariver, and its creditors.. Likely next: Creditors will vote on the revised repayment schedule; if approved, Alfariver will resume normal debt service under the new terms.. The decision by María Bernabé’s family office to restructure Alfariver’s debt highlights how private capital can step in when traditional lenders tighten conditions for defense‑sector firms. Alfariver reported a debt load of close to €31 million while its market valuation sits between €26 million and €35 million, indicating that the company’s obligations exceed its current equity value. By agreeing to lengthen the repayment schedule, the family office supplies the liquidity needed to avoid an immediate default, thereby preserving the firm’s ability to fulfill existing defense contracts. This intervention reduces the risk of a sudden cash‑flow shock that could otherwise trigger contract penalties or loss of future orders. In the near term, Alfariver is likely to continue operating under the revised terms, using the breathing room to evaluate operational efficiencies or seek additional financing arrangements that align with its cash‑flow generation. The move also signals to other investors that family offices are willing to act as stabilizers for niche industrial assets, potentially encouraging similar private‑support initiatives in the sector. Sectors affected: defense manufacturing

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