Juris Prime Advised Consortium Of Lenders In Project Finance Deal For Laurus Labs

Juris Prime Advised Consortium Of Lenders In Project Finance Deal For Laurus Labs

Juris Prime, has assisted the consortium of Lenders in respect of Project Finance transaction for Laurus Labs Limited, a prominent Indian pharmaceutical and biotechnology company based in Hyderabad. The transaction involved the extension of a substantial debt facility cumulatively amounting to Rs 1041 Crores towards Working Capital Facilities and Rs 1190 Crores towards Term Loan Laurus Labs Limited Capital Expenditures (CapEx) related requirement.

Laurus Labs is renowned for its diverse focus areas, including active pharmaceutical ingredients, generic formulations, custom synthesis, biotechnology, veterinary APIs, and agrochemicals, making it a key player in the pharmaceutical industry.

Juris Prime's involvement in the transaction was integral, encompassing the drafting and finalization of essential documents such as the Loan Agreement, Inter-se Agreement, Security Trustee Agreement, as well as security documents like the Hypothecation Deed, Deposit by Title Deed, and various undertakings. Additionally, the firm provided comprehensive closing assistance, ensuring the seamless conclusion of the transaction.

Under the leadership of Juris Prime's Managing Partner, V. V. S. N. Raju, along with Partner Vivek Choudhary, Senior Associate Sakshi Jain, and Associate Nivedita Jha, the firm demonstrated its expertise in navigating financial transactions.