Grifols calms investors with 1.3 billion-euro placement
Spanish plasma-based medicines producer Grifols (MCE: GRF) has announced the execution of an agreement for a private placement of 1.3 billion euros ($1.4 billion) of 7.125% senior secured notes due May 2030 at par.
In conjunction with the Offering, Grifols has also entered into an agreement to partially extend and upsize its revolving credit facility (RCF) through May 2027.
Grifols’ shares rose 6.5% to 7.73 euros following the announcement. The development was aimed at calming investor nervousness which followed the news that Brookfield Capital Partner was walking away from its 6.45 billion euros bid for the Spanish company, which Grifols had rejected.
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