By Lisa Kerner
Charlotte, N.C., Jan. 7 – Korian SA issued a €185.5 million schuldscheindarlehen on Dec. 15.
The German private placement, along with available cash, was used to fund the company’s acquisition of Casa Reha GmbH, according to a news release.
The Schuldscheindarlehen has an average maturity of 6.1 years and a final yield of between 2% and 2.5%, depending on maturities.
It was initially planned at €125 million, but was increased due to high demand from European and Asian institutional investors, the release stated.
Paris-based Korian manages nursing homes and specialist follow-up care and rehabilitation clinics.
| Issuer: | Korian SA
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| Issue: | Schuldscheindarlehen
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| Amount: | €185.5 million
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| Coupon: | 2% to 2.5%
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| Maturity: | Average of 6.1 years
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| Distribution: | German private placement
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