SPIC has raised US$12.5 million in debt financing
May 2023 — SPIC has successfully completed a fundraising of US$12.5 million. The debt financing will be used to secure a term loan to modernize and expand the capacity of their existing urea plant.
Southern Petrochemical Industries Corporation Ltd. (SPIC) manufactures and sells fertilizer products, such as urea and nitrogenous chemical fertilizer. The company’s product offerings include primary nutrients, secondary nutrients, water soluble fertilizers, organic fertilizers, non-edible de-oiled cake fertilizers and bio pesticides. It operates several manufacturing facilities, including a naphtha/furnace oil-based urea plant in Tamil Nadu. SPIC is known for its products that sustain soil health throughout the agricultural cycle, but also act as environment-friendly catalysts to increase productivity through maximum efficiency of nutrient utilization.
Our role in the transaction
Oaklins’ team in India presented a compelling case of underwriting based on locked-in offtake and feedstock prices. It demonstrated the group’s collection ability, performance and conduct prior to and after the challenging periods it faced. The team placed a significant part of the debt of the total project cost in a highly cost-efficient manner, with repayments linked to the cash flow of the project. This was yet another demonstration of its ability to leverage its market reputation to communicate transaction merits with prospective lenders, placing high quality dislocated credit with high quality discerning lenders at optimum costs for borrowers.
Talk to the deal team
Related deals
Boeser Frischfleisch has secured financing for the acquisition of Vion Crailsheim
Boeser Frischfleisch GmbH has secured financing in connection with the acquisition of the Crailsheim site from Vion Group. The site specializes in the slaughtering and cutting of cattle and pigs and plays an important role in the southern German meat industry. Through the acquisition, Boeser Frischfleisch expands its value chain and strengthens its position in a market characterized by ongoing structural change and consolidation.
Learn moreTechnolignes builds an Eastern Canada leader with the acquisition of C3F Telecom
C3F Telecom Inc. has been acquired by Technolignes as part of its strategy to build a leading telecommunications infrastructure platform across Eastern Canada. The transaction brings together two highly complementary businesses, combining C3F’s engineering and network design expertise with Technolignes’ established field construction capabilities and regional presence. Together, the companies are well positioned to deliver end-to-end telecommunications infrastructure solutions to telecom operators, municipalities and public sector clients across a broader geographic footprint.
Learn moreBolster Investment Partners has secured debt financing for the acquisition of Royal Taste Company
Bolster Investment Partners has partnered with Royal Taste Company, a leading Dutch custom signature coffee platform offering end-to-end sourcing, blending, roasting, packaging and delivery services. The partnership marks an important next step in Royal Taste Company’s growth trajectory, focused on further geographical expansion, commercial development and selective strategic acquisitions.
Learn more