Grifols to bring $1.25 billion equivalent secured notes as part of €5.3 billion debt financing

By Paul A. Harris and Sara Rosenberg

Portland, Ore., Oct. 28 – Grifols plans to sell $1.25 billion equivalent of euro-denominated senior secured notes as part of a debt refinancing package of up to €5.3 billion, according to a market source.

The financing will also include $4.6 billion equivalent of term loans set to kick off at a bank meeting on Wednesday in London.

BofA Securities Inc., BNP Paribas, HSBC, JPMorgan and BBVA are leading the fully underwritten debt refinancing.

Proceeds will be used to refinance existing senior secured debt.

Grifols is a Sant Cugat del Valles, Barcelona-based health care company.

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