By Lisa Kerner
Charlotte, N.C., Dec. 16 – Korian-Medica issued a €358.5 million Schuldschein with maturities of five, six and seven years, or an average maturity of 6.1 years, and a mix of fixed and floating rates.
The Schuldschein was upsized from €125 million due to demand, according to a company news release.
Various European and Asian institutional investors subscribed to the offer, which enables the company to diversify its financing sources and strengthen its financial structure.
Paris-based Korian-Medica manages nursing homes and specialist follow-up care and rehabilitation clinics.
| Issuer: | Korian-Medica
|
| Issue: | Schuldschein
|
| Amount: | €358.5 million
|
| Maturity: | Average of 6.1 years
|
| Coupon: | Fixed and floating rates
|
| Distribution: | Private placement
|
| Purchasers: | European and Asian institutional investors
|
| Announced: | Dec. 16
|
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