Genomma Lab secures MXN 1.0 billion credit facility from Banamex

Genomma Lab Internacional has secured a new MXN 1.0 billion long-term credit facility with Banamex. The credit line carries a three-year term and is intended to optimize the company’s debt maturity profile.

The proceeds will primarily be used to refinance and prepay existing financial liabilities, including the repayment of current bank loans and upcoming maturities of outstanding certificates. Antonio Zamora Galland, CFO of Genomma Lab, stated that the financing aims to strengthen working capital management and maintain a solid financial position to support business growth.

This financial move comes as the pharmaceutical and personal care company, led by Rodrigo Herrera, navigates a period of declining sales. Recent reports indicated a 6% annual decrease in sales and a 13.9% drop in EBITDA, despite a 5.5% increase in net profit.