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Stock impact report

Grifols In Talks to Refinance Debt, Credit Line, CEO Says [Yahoo! Finance Canada]

GRIFOLS SA S/ADR (GIKLY) 
Most Read from Bloomberg “Plan A is to refinance” the €370 million in bonds due in 2025, Chief Executive Officer Nacho Abia told Bloomberg in a phone interview Thursday. “We could look at repaying it with our cash flow, but we don't want to be too tight.” The drugmaker is also in talks about extending a €1 billion revolving credit facility due in November 2025, he said. A world leader in making medicines from blood-plasma to treat illnesses such as hepatitis, Grifols is rushing to put its house in order as the spotlight returns to its financial situation after Brookfield Asset Management on Wednesday dropped plans to acquire it. Brookfield had been working for months to take the company private in partnership with the Grifols family, which owns about 35% of the namesake drugmaker. The asset manager on Nov. 19 made a tentative offer that valued the company at €6.45 billion — a bid rejected by the Grifols board. The company's shares, which tumbled as much as 14% Wednesday after B Show less Read more
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