Gelita signs debut loan
German collagen protein producing group Gelita has completed an €80m syndicated loan, its first syndicated credit facility. The loan was originally launched at €60m but then increased to €80m after it was oversubscribed. It has a five year maturity but pricing is undisclosed.
The bookrunners and mandated lead arrangers are Commerzbank, Deutsche Bank, DZ Bank, Helaba and HSBC. The arranger is Volksbank Neckartal. The club deal, which will be used to fund acquisitions, was signed on May 21.
Gelita was founded in 1875 and its headquarters is in Ederbach, Germany. Last
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