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Channel facilitates $150m financing for global diamond dealer Rosy Blue

by LLB Finance Reporter
13th Apr 23 12:04 pm

Channel Capital Advisors LLP has facilitated a $150 million financing transaction for Rosy Blue, a leading global diamond dealer and manufacturer based in Antwerp, Belgium.

Channel provided cash and program management services and was responsible for the successful structuring and placement of this transaction. The finance was delivered in partnership with leading organisations including a global US investment banking firm, global insurers, legal advisors, and other service providers.

The transaction extends a facility previously arranged by Channel in 2018 for four years with a similar group of global institutional investors and lenders.

Headquartered in Antwerp, Rosy Blue Rosy Blue is one of the world’s largest diamond manufacturers. The company is active in nearly every area of the global diamond industry, from rough-cutting and polishing to import, export and wholesaling.

Hilmar Hauer, Head of Debt Products at Channel, said, “This was an important transaction for Rosy Blue, allowing them to obtain term funding while also keeping its funding sources diversified across the institutional capital markets. We are pleased to have closed this transaction with leading global investors, despite the increasingly challenging finance market conditions in recent years.

“The bespoke deal follows a series of notable transactions for Channel in the diamond industry, further solidifying our track record of experience in facilitating greater financing opportunities in the sector. We look forward to continuing to build our partnership with Rosy Blue.”

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