Harneys advises on US$130 million secured term loan financing for Adium Ltd

Harneys acted as BVI counsel to Adium Ltd. in relation to the US$130 million term loan financing of its subsidiary Adium Pharma S.A. by a consortium of lenders, including Banco Itaú Uruguay S.A., which also acted as sole lead arranger and book runner.

The Harneys team was led by Partner Josh Mangeot, with support from Associate Ed Lacey. Mitrani, Caballero & Ruiz Moreno acted as instructing law firm.

The Adium group operates one of the leading pharmaceutical businesses in Latin America, with presence in 17 countries across the region and a track record of over 40 years, dedicated to the manufacturing, packaging, distribution, and commercialization of pharmaceutical products.

The team of corporate and finance lawyers at Harneys have strong networks with industry players and service providers in key markets around the world and understand the business environment in which their clients operate. The team excels at complex cross-border transactions involving Bermuda, British Virgin Islands, Cayman Islands, Cyprus and Luxembourg vehicles.