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Speciality chemicals distributor Azelis has secured an amend and extend refinancing package for the company’s new business plan.
Under the new plan, the company’s financing has been extended for an additional three years at market interest rates. In addition, the company’s main shareholder 3i, and funds managed by 3i, have provided further equity support of €10 million.
The deal reflects support from the banking community, from 3i for the new business plan and provides Azelis with strengthened liquidity and the financial resources to develop the business.