Grunenthal starts roadshow for €300 million seven-year secured notes

By Paul A. Harris

Portland, Ore., April 17 – Grunenthal GmbH began a two-day roadshow on Monday for a €300 million offering of seven-year senior secured notes (B1/BB-/BB+), according to market sources.

The Rule 144A and Regulation S notes come with three years of call protection.

Joint bookrunner and global coordinator Deutsche Bank will bill and deliver. Goldman Sachs, ING, RBC and UniCredit are also global coordinators and joint bookrunners. Commerz and BNP Paribas are joint bookrunners.

The Aachen, Germany-based pharmaceutical company plans to use the proceeds to repay a €200 million bridge loan put in place to fund its acquisition of testosterone therapy drug producer Nebido in July 2022 and to repay the €75 million Schuldschein facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.