A&D Pharma takes EUR 150 million loan to refinance existing credit facility

A&D Pharma Holdings, the Dutch holding company that owns the largest integrated pharmaceutical wholesale, marketing and sales, and retail business in Romania, has signed a new EUR 150 million loan agreement arranged by Erste Group Bank AG, Banca Comerciala Romana S.A. and UniCredit Tiriac Bank S.A. The new loan agreement replaces a previous EUR 100 million club loan arranged by BCR., BRD – Groupe Societe Generale and UniCredit Tiriac bank with a consortium of five banks. The new loan agreement will expire on December 16th, 2013. The loan has been granted to A&D Pharma and its Romanian subsidiaries to refinance the existing EUR 100 million club loan and other corporate projects. Founded in 1994, A&D Pharma owns Romania’s leading pharmaceutical wholesale, sales and marketing services network “Mediplus”, and Romania’s largest national branded chain of pharmacies “Sensiblu”. Through its marketing & sales division, the group also operates in Bulgaria, the Czech Republic, Hungary, Poland and Slovakia. The group’s consolidated sales increased by an annual rate of 34 percent between 2003 and 2009, amounting to EUR 514.3 million for the twelve months ending on 31 December 2009. A&D Pharma’s shares have been traded in the form of Global Depositary Receipts (“GDRs”) on the regulated market of the London Stock Exchange since October 2006 under the symbol 'ADPH'. The company has recently decided to delist its shares from the London Stock Exchange. editor@romania-insider.com