ADL Bionatur Solutions (ADL-BS) announced on 12 August 2019 that it has agreed to obtain €25m in debt financing with Kartesia, a private lender, at a rate of Euriobor plus 5% per year with a one-time 7% fee on repayment. Gross proceeds will be used to fully fund the company's existing capex plans to modernise ADL-BS's contract manufacturing (CMO) facilities (totalling 2,400m3 in fermentation capacity), to provide the working capital needed to respond to its CMO client demands, and to refinance €5.7m of existing debt. Altogether, ADL-BS expects this debt financing to fully fund the company's business plan for the next four years, mitigating financing uncertainties and allowing the company to focus on executing its business plan.Den vollständigen Artikel lesen ...