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Case Study

Recordati establishes a PGIM Private Shelf Facility

Headquartered out of Milan, Italy, Recordati Industria Chimica e Farmaceutica S.p.A. manufactures and markets prescription drugs, drugs for rare diseases, and pharmaceutical chemicals for 150+ countries globally. The Company has been listed on the Italian stock exchange since 1984.
Case Study

Recordati establishes a PGIM Private Shelf Facility

Headquartered out of Milan, Italy, Recordati Industria Chimica e Farmaceutica S.p.A. manufactures and markets prescription drugs, drugs for rare diseases, and pharmaceutical chemicals for 150+ countries globally. The Company has been listed on the Italian stock exchange since 1984.

At a Glance

In 2025, Recordati's management reached out expressing a desire to finance future growth and strengthen our existing relationship. In September of that same year, PGIM provided the Company with a $220million Revolving PGIM Private Shelf Facility to both support near-term investments and be allocated towards capex and future acquisitions.  

Recordati's management was impressed by our ability to issue long-term US Private Placements, our flexible and pragmatic approach, and our ability to serve as an institutional long-term investor.  

We value the relationship we have built with Recordati over the years, and we look forward to continuing our support for their future growth.

Relationship since 2014
Transaction details:
  • $220,000,000 PGIM Private Shelf Facility
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