PE-backed GaleMed turns to loan market

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By Pan Yue
29 Jan 2021

Taiwan’s GaleMed Corp is tapping the loan market for a $70m-equivalent dual-currency deal for refinancing debt and dividend recapitalisation.

CTBC Bank, Taipei Fubon Bank and Taishin International Bank are the mandated lead arrangers and bookrunners for the loan.

GaleMed specialises in producing respiratory care devices. It also manufactures ear thermometers, with sales benefitting from the Covid-19 pandemic, said a banker close to the situation. She added ...

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