Market Chatter: Grifols in Talks With Banks to Extend Credit Facility, Refinance Bonds

MT Newswires Live

Nov 30, 2024

Grifols (GRFS) is in discussions with banks to extend a $1 billion revolving credit facility and refinance 370 million euros ($390.3 million) in bonds due 2025, Bloomberg News reported Thursday, citing an interview with Chief Executive Officer Nacho Abia.

"Several banks have already confirmed interest in refinancing, even expanding the facility," Abia told Bloomberg. The chief executive officer said Grifols can repay the bond using cash flow but does not want to be "too tight."

Bloomberg said the talks come as Grifols looks to calm investors over its ability to meet obligations after Brookfield Asset Management (BAM) did not proceed with a plan to acquire the company.

Shares of Grifols were down more than 13% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 7.02, Change: -1.06, Percent Change: -13.07

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The chief executive officer said Grifols can repay the bond using cash flow but does not want to be \"too tight.\"</p><p>Bloomberg said the talks come as Grifols looks to calm investors over its ability to meet obligations after <a href=\"https://laohu8.com/S/BN\">Brookfield</a> Asset Management (BAM) did not proceed with a plan to acquire the company.</p><p>Shares of Grifols were down more than 13% in recent trading.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. 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