Iofina secures new debt refinancing

Iofina Plc has refinanced its entire debt by entering into a new loan agreement with First Financial Bank, (NASDAQ: FFBC), a Cincinnati-headquartered US regional bank.

Iofina is a vertically integrated company that specializes in the exploration and production of iodine and the manufacturing of specialty chemical derivatives. With operations in Kentucky and Oklahoma, Iofina’s strategy is to identify, develop, build, own and operate iodine extraction plants based on the company’s WET® IOsorb® technology.

Oaklins Cavendish’s debt advisory team, based in the UK, advised Iofina Plc. The team discussed this transaction with circa 40 domestic US lenders, and also initiated discussions with US non-bank lenders. This process was helped greatly by one of Oaklins’ teams in the US. Following on from these lengthy discussions, Iofina was extremely satisfied with the favorable terms secured with this new loan agreement with First Financial Bank.

Services

Conseil en financement par dette ou en équité

Parties prenantes

«The conclusion of the debt refinancing is a significant and positive step for Iofina and is the culmination of many months of hard work. The favorable terms of this refinance demonstrate how far Iofina has progressed in recent years, given that the company has significantly reduced debt, lowered debt interest rates and secured a strong lending bank partner. With its balance sheet significantly strengthened by the seven-year term loan in place coupled with the revolving line of credit for future growth, Iofina is focused on operational developments and expanding its production and chemicals product portfolio.»

Tom Becker

President and CEO, Iofina Plc

Contacter l'équipe de la transaction

Alistair Hay

Associé

Londres, Royaume-Uni
Oaklins Cavendish

Voir le profil Entrer en contact

Krishan Raval

Directeur

Londres, Royaume-Uni
Oaklins Cavendish

Voir le profil Entrer en contact

Transactions connexes

Hærup Biogas has been acquired by Gasum

Énergie

Hærup Biogas has been acquired by Gasum

Gasum has entered the Danish biogas market with its acquisition of all shares in Hærup Biogas, which owns and operates a biogas plant in the northern part of mainland Denmark.

En apprendre plus

Surcos has completed a liability managament process

Agriculture

Surcos has completed a liability managament process

The shareholders of Surcos have completed a liability management process, which includes the issuance of US$5 million and a debt exchange totaling US$20 million.

En apprendre plus

Jeco Energies has sold a significant minority interest to NPM Capital

Placements Privés | Énergie

Jeco Energies has sold a significant minority interest to NPM Capital

NPM Capital has acquired a significant minority interest in Jeco Energies. By teaming up with NPM Capital, Jeco Energies is ready for the next step in its remarkable growth trajectory and strengthening its position as the leading industrial energy solutions provider.

En apprendre plus