Supporting our clients with announcement of maiden domestic US debt financing
Iofina Plc has entered into a new loan agreement with First Financial Bank, a Cincinnati-headquartered, US regional bank. This provides Iofina with new debt facilities of US$18 million.
Iofina is a vertically integrated company that specializes in the exploration and production of iodine and the manufacturing of specialty chemical derivatives.
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 favourable 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.TOM BECKER, PRESIDENT & CEO, IOFINA PLC, USA
Oaklins found the best partner to expand the business
Oaklins Cavendish’s debt advisory team, based in the UK, advised Iofina Plc. The team discussed this transaction with around 40 domestic US lenders, including discussions with many non-bank US lenders.