SYNLAB Bondco Plc
4th Floor 1 Kingdom Street
London W2 6BD
United Kingdom
SYNLAB to launch a debt refinancing transaction aiming at proceeds of up to EUR920,000,000
SYNLAB Bondco Plc ("SYNLAB") today announced that it is preparing the launch of a debt refinancing transaction aiming to raise up to an aggregate principal amount of EUR920,000,000 through a term loan facility, maturing in 2026 (the "Term Loan").
The completion of the Term Loan is contingent upon the conclusion and execution of the required documents by the involved banks and other parties.
Use of Proceeds
SYNLAB intends to use the proceeds of the Term Loan to refinance its EUR 900M of Senior Secured Notes maturing in 2022, currently bearing interest at 6,25% per annum. SYNLAB will thus reduce the cost and extend average maturity of its debt structure.
This notice is being provided in accordance with Regulation (EU) No 596/2014 of 16 April 2014 on Market Abuse.
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For more information:
SYNLAB
Daniel Herbert, FTI Consulting
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+ 49 (0)69 92037-183
daniel.herbert@fticonsulting.com
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