Fresenius to launch $3 billion credit facility in New York on Oct. 5

By Sara Rosenberg

New York, Sept. 27 - Fresenius SE & Co. KGaA is set to hold a bank meeting in New York on Oct. 5 to launch its proposed roughly $3 billion credit facility, according to a market source.

A meeting for European investors will take place in Germany this Friday.

Bank of America Merrill Lynch and Deutsche Bank Securities Inc. are leading the deal.

The facility consists of a $600 million revolver, a €500 million revolver and a $1.8 billion term loan A, all talked at Libor plus 200 basis points, the source said.

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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