Fresenius launches $900m bond

By Victor Jimenez
23 Oct 2014

Germany’s Fresenius Medical Care launched a $900m high yield bond issue in the US market on Wednesday, via Wells Fargo, Citigroup, Deutsche Bank, Scotia Bank, HSBC and Suntrust Robinson Humphrey.

The 144A bond was expected to be priced on Friday, after an investor call at 12.30pm on Thursday.

The senior unsecured deal, rated Ba2/BB+, will have six and 10 year tranches. Proceeds will be used to repay term loan 'A-2' under Fresenius's 2012 credit agreement as well as other ...

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