A&D Pharma gets a ‘club loan’ of EUR 177 M

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A&D Pharma, the largest pharmaceutical group in Romania, contracted a syndicated loan of over EUR 177 million from BRD-Groupe Societe Generale and UniCredit Bank, a press release informs.

The funding is a ‘club loan’ and is granted for a period of five years, each of the financial institutions contributing with an amount of approximately EUR 88.6 million.

With the new contract, the A&D Pharma Group refinances a syndicated credit line contracted in 2015 and gets a new EUR 57 million loan facility, benefiting from the favorable financial market context, amid the current high appetite of banks to lend to viable companies, with good financial performance and further growth prospects,” a joint document of the two banks reads.

BRD is assuming the role of coordinator of the loan documentation, and UniCredit Bank is a facility and warranty agent.

 

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