Chicago, April 23 – Grifols SA signed a private offering of €1 billion of 7˝% senior secured notes due April 2030, according to a release.
Deutsche Bank acted as the placement agent.
Proceeds are being used to redeem the company’s senior notes due in 2025.
The company is also working toward the completion of the divestiture of a 20% interest in Shanghai RAAS to Haier Group for $1.8 billion as part of its strategic partnership.
The divestiture will be used towards reducing Grifols’ secured debt obligations in 2025.
Grifols is a Barcelona-based health care company.
| Issuer: | Grifols SA
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| Amount: | €1 billion
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| Issue: | Senior secured notes
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| Maturity: | April 2030
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| Placement agent: | Deutsche Bank
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| Counsel to issuer: | Osborne Clarke and Proskauer Rose LLP.
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| Coupon: | 7˝%
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| Trade date: | April 23
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