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Moody’s affirms Nemera with new loan
Moody’s Ratings said it affirmed its B3 ratings on Financiere N (Nemera), including the B3 ratings on its senior secured bank credit facilities and its new €100 million add-on to the term loan B maturing in 2029.
The company intends to use about half of the proceeds of the add-on to fund capital expenditure investment related to capacity expansion to accommodate the production of drug delivery devices to a new blue chip pharma contract for GLP-1 products. The rest will be used to obtain added liquidity to increase the capacity for already existing devices platforms.
The outlook is stable.
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