Grupo Ferrer completes €220m syndicated financing
Barcelona-headquartered pharmaceutical company Grupo Ferrer has completed a €220 million syndicated financing.
Mario Rovirosa Escosura
The loan has been agreed with BBVA and CaixaBank as the coordinating entities, as well as Banco Sabadell, Cajamar, Banco Santander, Deutsche Bank, Liberbank, Targobank and Banca March.
The financing is structured in three tranches: a long-term loan; a revolving credit facility; and a capex line (a line of credit for acquisitions), with a term of six years.
Grupo Ferrer has 1,850 employees and is present in 100 countries – it closed last year with a turnover of €670 million. The company is led by CEO Mario Rovirosa Escosura.
Cuatrecasas advised the financial institutions on the financing – the team included partners Héctor Bros and Manuel Follía, as well as associates Elvira Coloma, Yuanlong Lang and Arnau Pastor.
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