ANTWERP, Belgium - Leading specialty chemicals distributor Azelis has successfully secured an amend-and-extend refinancing package to help finance the company’s new business plan. Under the new plan, the company’s financing has been extended for another three years at market interest rates.

In addition, the company’s main shareholder 3i, and funds managed by 3i, have provided further equity support of EUR 10 million, representing a significant contribution for Azelis.

The deal provides Azelis with strengthened liquidity and the financial resources to develop the business.