Palex Medical S.A. obtains financing from a group of banks

Logo - Palex Medical SA

Clearwater Advisor

Palex Medical S.A. is specialised in the marketing and distribution of healthcare products, and manufacturing and distribution of medical products for cardiovascular and heart surgery. Palex Medical reported a revenue of €105.5 million in 2013.

Due to late payment issuances from the Spanish public sector to its suppliers, Palex Medical had liquidity tensions.

Clearwater International advised on the placement of debt, helping to raise €20 million of debt.