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Synlab Bondco PLC (IRSH)

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Friday 07 June, 2019

Synlab Bondco PLC

SYNLAB to launch a debt refinancing transaction aiming at proceeds of up to EUR920,000,000

Synlab Bondco PLC (IRSH)
Synlab Bondco PLC: SYNLAB to launch a debt refinancing transaction aiming at proceeds of up to EUR920,000,000

07-Jun-2019 / 10:31 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


SYNLAB Bondco Plc

4th Floor 1 Kingdom Street

London W2 6BD

United Kingdom

Regulatory Announcement

SYNLAB to launch a debt refinancing transaction aiming at proceeds of up to EUR920,000,000

 

June 7th, 2019

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.

 

- Ends -

 

For more information:

 

SYNLAB

Daniel Herbert, FTI Consulting 

+ 49 (0)69 92037-183 

[email protected]

 

 

 

 

 

 

 



ISIN: XS1117292984, XS1117292802, XS1117293016, XS1117293289
Category Code: MSCM
TIDM: IRSH
LEI Code: 5493007KBBOGQWJ10272
OAM Categories: 2.2. Inside information
Sequence No.: 9501
EQS News ID: 821281

 
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