Grifols to refinance debt due in 2025 via sales of notes, Shanghai RAAS stake

[ASFN Admin]

You must be registered for see images attach

Spanish drug maker Grifols plans to meet its debt payments in 2025 with the proceeds of new senior secured notes and the sale of its 20% stake in Shanghai RAAS to Haier Group, it said on Wednesday. Grifols did not specify the amount due next year. Since January, the Spanish drug maker's debt sustainability has been questioned by short seller Gotham City Research.

Continue reading...