Edison Investment Research - Bionaturis (ADL) ADL Bionatur Solutions - â‚¬25m debt financing to fund current strategy

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Edison Investment Research

Pooya Hemami

ADL Bionatur Solutions - â‚¬25m debt financing to fund current strategy

ADL Bionatur Solutions (ADL-BS) announced on 12 August 2019 that it has agreed to obtain â‚¬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 companyâ€™s existing capex plans to modernise ADL-BSâ€™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 â‚¬5.7m of existing debt. Altogether, ADL-BS expects this debt financing to fully fund the companyâ€™s business plan for the next four years, mitigating financing uncertainties and allowing the company to focus on executing its business plan.

14/08/2019 2 EN

Underlying

Bionaturis

ADL Bionatur Solutions SA Formerly known as Bioorganic Research and Services SA. ADL BIONATUR SOLUTIONS SA (Bionatur), formerly known as Bioorganic Research and Services SA, is a Spain-based company engaged in the management and advice in the development of organic chemical processes carried out by third party entities. Among the chemical projects, the Company comprises the examination and interpretation of samples from waste treatment works, valuation of biological activities and retrosynthetic analysis. The Company's subsidiaries are BBD BioPhenix SL, a San Sebastian-based biotechnology company and Zera Intein Protein Solutions SL.

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ES0184980003 Madrid Stock Exchange Spain

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pooya Hemami

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ADL Bionatur Solutions - â‚¬25m debt financing to fund current strategy

ADL Bionatur Solutions - CMO business driving growth

ADL Bionatur Solutions - New contract to serve Asia-Pacific API market

Sylvania Platinum - Annual guidance maintained, despite strike

1Spatial - Investing in the transformational SaaS opportunity

Datatec - FY24 underlying EPS more than doubles y-o-y

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