PROJECT

Projects

Summary of Investment Information

Project Number

45174

Company Name

ASPEN TREASURY IRELAND LIMITED

Date SPI Disclosed

Jun 30, 2021

Country

South Africa

Region

Africa

Projected Board Date

May 27, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

Oct 5, 2021

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : May 27, 2021
Signed : Jun 30, 2021
Invested : Sep 30, 2021

Sector

other

Project Description

The proposed investment is an up to EUR600 million (approximately US$723 million) financing package comprising (i) an unsecured, straight senior loan (“A” loan) of up to EUR200 million (approximately US$241 million) from IFC and; (ii) mobilization of “B” and/or parallel loans of up to EUR400 million (approximately US$482 million) to Aspen Finance Proprietary Limited (AFPL), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited (Aspen or the Company). The financing will help Aspen, South Africa’s largest pharmaceutical company, to refinance existing debt and strengthen the Company’s balance sheet, supporting Aspen’s operations including production of vaccines, and other therapies in African and emerging markets.

                                              

Associated Advisory Engagement

                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation