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Fresenius increases term loan A amount to $2.6 billion
By Sara Rosenberg
New York, Oct. 26 - Fresenius SE & Co. KGaA upsized its term loan A to $2.6 billion from $1.8 billion, according to a market source.
Pricing on the A loan, as well as on a $600 million revolver and a €500 million revolver is Libor plus 200 basis points.
Bank of America Merrill Lynch and Deutsche Bank Securities Inc. are leading the roughly $3.8 billion deal (Baa3).
Proceeds will be used to refinance existing debt.
Fresenius is a Bad Homburg, Germany-based provider of dialysis services and products.
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