With the successful refinancing of long-term debt of $1.1 billion, how does BBL plan to leverage it? One of the important developments of this quarter is the strategic refinancing of our long-term debt through a $800 million bond issuance and a new syndicated long-term loan facility of $300 million. We had taken on this debt to support the transformational acquisition which moved us from being a Science and Operations led company to becoming a fully integrated global biosimilars organisation, which now has its presence in over 120 countries. That debt needed to be refinanced for greater financial liquidity so that we could re-deploy investments into the business to fuel growth. The refinancing will now help us focus on growing the business, without worrying about the quarter-by-quarter debt-to-EBITDA ratio or servicing of the debt beyond paying off the interest.
Do you have any launches lined up in the coming quarters?
This story is from the November 06, 2024 edition of Business Standard.
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This story is from the November 06, 2024 edition of Business Standard.
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