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Fresenius launches $500 million term loan at Libor plus 225 bps
By Sara Rosenberg
New York, July 23 - Fresenius SE & Co. KGaA launched on Tuesday its $500 million six-year term loan with price talk of Libor plus 225 basis points with no Libor floor and an original issue discount of 99 to 991/2, according to a market source.
Bank of America Merrill Lynch, Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC are the lead banks on the deal.
Proceeds will be used to refinance existing debt.
Commitments are due on July 31, the source added.
Fresenius is a Bad Homburg, Germany-based provider of dialysis services and products.
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