A$23m Mezzanine Debt Facility from ADM Capital
Yeeda is Western Australia’s largest vertically integrated red meat production, processing and distribution business.
In May 2015, ADM Capital and Yeeda announced its shareholders entered into a A$23million mezzanine loan facility with a Hong Kong based fund (ADM Capital). Yeeda’s shareholders used the proceeds to redeem of the company’s redeemable preference shares. Azure ran the successful financing process creating enough competitive tension from multiple potential mezzanine finance providers to allow attractive terms to be negotiated, including:
- Voluntary prepayment at any time subject to first year make-whole
- No financial covenants
Azure acted as financial adviser to Yeeda’s shareholders on this transaction.