Fresenius Medical extends credit facility, upsizes to $2.57 billion

By Jennifer Chiou

New York, Oct. 1 - Fresenius Medical Care AG & Co. KGaA announced the $250 million upsizing and extension of its senior secured credit facility, bringing the total size to $2.565 billion.

According to a news release, the refinancing of the revolving facility and term loan A was oversubscribed.

The new agreement was extended to March 31, 2013 from March 31, 2011 to match the final maturity of the $1.546 billion term loan B, the company added.

Fresenius said that proceeds will be used for general corporate purposes and working capital needs.

The Bad Homburg, Germany-based company provides products and services for individuals undergoing dialysis.

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