LONDON: In a significant move towards the development of its Southern North Sea (SNS) Licence, Orcadian Energy (AIM: ORCA) has announced a non-binding Heads of Agreement with a prospective farm-in partner. This preliminary agreement, revealed on May 7, 2024, grants the partner a period of commercial exclusivity and outlines the terms for a potential collaboration…
LONDON, UK: BioPharma Credit (LSE: BPCR) t, through its fully owned subsidiary, together with BioPharma Credit Investments V (Master) LP, has provided Collegium Pharmaceutical Inc. (Nasdaq: COLL) a commitment to enter into a new $650 million senior secured term loan agreement. Proceeds from the new loan will be used to fund Collegium’s proposed acquisition of…
LONDON, UK: Hawkwing plc has provided Internet Fusion Group Limited with a secured loan of £13.7 million to fund two acquisitions and the associated transaction costs of these acquisitions. The Acquisitions Northcore Limited Northcore is an outdoor surf accessories and lifestyle clothing brand which generated revenue of £2.2 million (unaudited) and EBITDA of £0.4 million…
LONDON: BioPharma Credit along with its subsidiary BioPharma-V has entered into a US$300 million definitive senior secured loan agreement with LumiraDx Investment Limited and LumiraDx Group Limited. The Company will invest US$150 million and BioPharma-V will invest an additional US$150 million. Based in the UK, LumiraDx is a next-generation point of care, or POC, diagnostic…
SINGAPORE: Food and agri-business Olam International Limited (Olam) has secured Singapore’s first club loan pegged to the Singapore Overnight Rate Average (SORA) with DBS Bank (DBS) and Industrial and Commercial Bank of China, setting the pace for the industry’s future syndicated SORA loans. The SGD200 million one-year committed revolving credit facility is also the industry’s…
LONDON, UK: Versarien plc, the advanced materials engineering group, announced that the Company has been awarded a legally binding £5 million loan facility by Innovate UK Loans Limited, a wholly owned subsidiary of UK Research and Innovation. Innovate UK has been running an extended pilot innovation loans programme over the past three years with £75…
ATHENS: Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that on June 29, 2020, it signed, through two wholly-owned subsidiaries owning the m/v G. P. Zafirakis and m/v P. S. Palios, a supplemental agreement to the existing secured loan agreement with BNP Paribas, to extend by 2.5…
SINGAPORE: Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd., have secured a revolving sustainability-linked credit facility aggregating US$250 million that is linked to meeting key sustainability performance indicators (KPI). The facility consists of three tranches – a 1-year revolving sustainability-linked credit facility (SRCF) of US$50 million, a 2-year SRCF of US$100…
TURKU, FINLAND: Faron Pharmaceuticals Oy, the clinical stage biopharmaceutical company, announced plans to initiate a new state of the art process for the manufacturing of interferon (IFN) beta-1a. To support this, Faron has received a €2.1 million low interest rate loan from Business Finland, the governmental innovation financing agency of Finland. The loan funds will…
MANAMA, BAHRAIN: Bahrain Telecommunication Company (Batelco) has repaid in full US$ 473 million of the outstanding senior unsecured bond issued by a subsidiary company and due on 1st May 2020. The US$ 650 million bond was issued in 2013, with US$ 177 million subsequently repurchased and redeemed. The US$ 473 million repayment was mainly funded…
SINGAPORE: Global food and agri-business Olam International Limited and its wholly owned subsidiary Olam Treasury Pte. Ltd. have secured multi-tranche financing facilities aggregating US$176.0 million from the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches – a 5-year term loan of US$120.0 million and a 7-year term…
LONDON, UK: TBC Bank Group’s subsidiary JSC TBC Bank has signed a loan agreement in the amount of GEL (lari) 90 million with the European Investment Bank (EIB) to finance micro, small and medium size businesses in Georgia and support the development of private enterprise. The funds are available to draw either in EUR, USD…