(CercleFinance.com) – METabolic EXplorer (METEX), leader in industrial fermentation allowing the manufacture of ingredients of natural origin intended for the animal nutrition, cosmetics and biopolymers markets, announces that its subsidiary METEX NØØVISTAGO has signed an arrangement mandate and a Term Sheet for syndicated financing of a maximum amount of €100 million with Société Générale, Crédit du Nord/Banque Nuger as Coordinator and Co-arranger and other banks.
This operation consists of 70 ME of medium-term investment credit and 30 ME of revolving credit. Subject to the fulfillment of the usual conditions precedent, the Syndicated Financing should be signed before May 13, 2022.
This operation will contribute to financing the Group’s investment plans previously announced and corresponding to an amount of 70 ME over four years, as well as to strengthening general needs.
‘This financing will contribute to accelerating the industrial transformation plan of the METEX NØØVISTAGO plant in Amiens, to quickly have new production capacities for amino acids and other specialty products from the ALTANØØV platform. This operation demonstrates the group’s ability to accelerate the deployment of its industrial model,” says Benjamin Gonzalez, CEO of METEX.