The Global Mid-Market Specialist
Advised by Alantra, Orapi Group has achieved the refinancing of its existing debt structure. Purpose of this transaction was to refinance several syndicated facilities, several private placements as well as bank overdrafts. This new syndicated loan, arranged by Societe Générale and Arkea, is brought by most of group’s historical lenders. This refinancing extends the maturity profile, which enables the group to pursue its development strategy and ongoing reorganisation
Founded in 1968, Orapi (Office de Recherche et d’Application de Produits pour l’Industrie) designs, produces and distributes high-quality products for professional hygiene and industrial process applications. Based in Saint-Vulbas (near Lyon), Orapi has more than 1,300 employees and reached total sales of over €240m in 2017
Orapi Group, the first French integrated player in this field, benefits from 2 R&D centers and 8 industrial sites (Birmingham, Kuala Lumpur, Singapore, Montreal, Saint-Vulbas, Valence, Vénissieux and Saragosse). The group is supported by a dedicated sales force of 700 employees and by a global footprint (more than 150 countries through its own subsidiaries and an extended distribution network)
This €47m syndicated loan consists in amortising and in fine debt tranches, capex line as well as a revolving credit facility. This new debt structure enables to refinance (i) two syndicated loans (put in place for the acquisitions of PHS and Argos) (ii) several private placements and (iii) several bank overdrafts.
This financing has been arranged by Société Générale CIB and Arkea, complemented by a dozen of group’s historical lendersHenri Biscarrat, Deputy General Manager of ORAPI GROUP, commented: “ We would like to warmly thank all of our lenders for their confidence in our company, our strategy and our employees. This refinancing enables the group to pursue its growth strategy, aiming at becoming a European “one-stop-shop” in professional hygiene and industrial process applications”
Management: Guy Chifflot, Henri BiscarratDebt advisor: Alantra (Pierre-Louis Nahon, Gautier Frantz)Legal (Orapi Group): Aklea (Gilles Bazaille), Cofi Juriste (Nathalie Nihouarn)Legal (Lenders): De Gaulle Fleurance & Associés (May Jarjour, France Hong)Mandated Lead Arrangers: Société Générale (Matthieu Macé), Arkéa (Cédric Alin, Anna-Lou Grellier)
To go to the PDF version, please click here
We use our own and third-party cookies to improve our services and show you advertising related to your preferences by analyzing your browsing habits. If you go on surfing, we will consider you accepting its use. You can change the settings or get more information here.