Go to deals
Energy

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

Alistair Hay

Partner
London, United Kingdom
Oaklins Cavendish
 Graham  Cooke

Graham Cooke

Partner
London, United Kingdom
Oaklins Cavendish
 Krishan  Raval

Krishan Raval

Associate Director
London, United Kingdom
Oaklins Cavendish

Related deals

Kubus Sports has raised debt to acquire Naish
Consumer & Retail

Kubus Sports has raised debt to acquire Naish

The financing was provided by Rabobank and will support Kubus Sports’ strong international growth ambitions.

Learn more
Copenhagen Atomics concludes its 2022 funding round
Energy

Copenhagen Atomics concludes its 2022 funding round

Copenhagen Atomics has raised US$21.6 million to accelerate the development of thorium molten salt reactors.

Learn more
Wikipower has been acquired by DPG Media
Consumer & Retail | Energy | TMT

Wikipower has been acquired by DPG Media

The private shareholders of Wikipower have sold the company to DPG Media.

Learn more