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.

Service

Funding, debt advisory & ECM

Parties

“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

Talk to the deal team

Alistair Hay

Partner

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Krishan Raval

Director

London, United Kingdom
Oaklins Cavendish

View profile Get in touch

Related deals

Top Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider

Private Equity | Energy

Top Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider

Holland Capital, a Netherlands-based private equity firm, has acquired a stake in Top Systems, a leading provider of complete battery-based power solutions, with a unique value-added services proposition.

Learn more

EVIO has raised funds from Lince Capital for its international expansion

Private Equity | Energy | TMT

EVIO has raised funds from Lince Capital for its international expansion

EVIO has secured a second fundraising round lead by Lince Capital, a Portuguese private equity firm, in order to fund its international expansion and reinforce its commercial activity.

Learn more

Amot Investments Ltd. has issued bonds

Real Estate

Amot Investments Ltd. has issued bonds

Amot Investments Ltd. has raised funds to refinance the company for further development.

Learn more