"Redbridge played a pivotal role as our partner in this deal, having been deeply involved in what was a complex transaction both in terms of structure and distribution. Their help was invaluable in securing this financing, which will be key in Lhyfe’s ongoing development."
Engagement overview
- Implement an inaugural syndicated loan facility with the aim of boosting Lhyfe’s growth potential and facilitating its transition towards industrial-scale operations.
- Determine the most appropriate structure for a company with strong growth but negative EBITDA
Objectives
- Establish a debt structure compatible with both Lhyfe’s objectives and the lenders’ demands
- Identify liquidity pockets suitable for Lhyfe’s current hyper-growth phase, in which it is burning cash
Results
- Signing of a EUR 28 million syndicated facility
- Term Loan of EUR 22.2 million, five years maturity (bullet)
- Term Loan granted by BPI France of €5.8m (8/15 years maturity) amortizing with a three-year grace period
- Documentation tailored to the company’s development plans
- Solid basis for future financing, with the possibility to increase the facility and widen the banking pool
Methodology
- Support the Group in its evaluation of the optimal debt structure given its business plan
- Preparation of the information package, including financial model review and term sheet
- Management of the full consultation with banks in liaison with the management team and negotiation of terms and conditions
- Coordination of ESG process
- Proactive support until closing of the deal