Synlab to refinance €900 million senior secured notes due 2022

By Rebecca Melvin

New York, June 7 – Synlab Holding GmbH plans to refinance €900 million of senior secured notes due 2022 with proceeds of a debt refinancing transaction, including a term loan facility, according to a regulatory announcement.

The notes, which were issued via Synlab Bondco plc, bear interest at 6¼%.

With the closing of the term loan for up to an aggregate amount of €900 million, Synlab will reduce the cost and extend average maturity of its debt structure.

London-based Synlab Bondco is a debt issuance vehicle for Synlab Holding, an Augsburg, Germany-based provider of laboratory services in Europe for human and veterinary medicine and environmental analysis.

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