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Grifols Closes Private Debt Placement: Adds Some Stability

FINANCIALS

Grifols (GRFSM; Caa1 neg/CCC+ neg/B neg) has closed its private debt deal with Apollo to refi the ’25 bond. This deal was first reported on 15-Apr. Prior to this, mgmt had been indicated the sale of its stake in S-RAAS would refinance the ’25 bond but at least this gives some stability to the unsecured credit stack.


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Grifols (GRFSM; Caa1 neg/CCC+ neg/B neg) has closed its private debt deal with Apollo to refi the ’25 bond. This deal was first reported on 15-Apr. Prior to this, mgmt had been indicated the sale of its stake in S-RAAS would refinance the ’25 bond but at least this gives some stability to the unsecured credit stack.


Keep reading...Show less