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Wednesday, April 10, 2024

Grifols Plans First Bond Sale Since Short Seller Attack

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  • Issuance is first major announcement since Abia became CEO
  • Shanghai Raas stake sale to Haier seen closing in 1st half

Grifols SA is seeking to issue a new bond, in what would be its first debt deal since coming under attack from a short seller in January.

The Barcelona-based maker of blood product derivatives is planning to sell senior secured notes with the funds earmarked for refinancing unsecured notes due 2025, it said in a statement Wednesday. A deal to sell a stake in Shanghai Raas to Haier Group is advancing and is expected to close by June 30 as planned, the company.

https://www.bloomberg.com/news/articles/2024-04-10/grifols-plans-first-bond-sale-since-short-seller-gotham-s-attack

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