Market Chatter: Grifols' Debt Placement Includes Early Redemption Option for Brookfield Asset Management

MT Newswires Live12-13

Grifols' (GRFS) 1.3 billion euro ($1.36 billion) offering of 7.125% senior secured notes due 2030 includes a clause allowing Brookfield Asset Management (BAM) to redeem the debt at an earlier date, Bloomberg reported Thursday, citing people familiar with the matter.

Brookfield or a group led by the private equity firm can use the option within six months of issue at 104% of the price plus accrued interest, the report said.

The debt placement is structured with greater flexibility to facilitate potential buyers, according to the people.

Grifols and Brookfield did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 7.68, Change: -0.04, Percent Change: -0.45

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491588473?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 02:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491588473","market":"us","top_or_hot":-1,"title":"Market Chatter: Grifols' Debt Placement Includes Early Redemption Option for Brookfield Asset Management","media":"MT Newswires Live","content":"<html><body><p> Grifols' (GRFS) 1.3 billion euro ($1.36 billion) offering of 7.125% senior secured notes due 2030 includes a clause allowing <a href=\"https://laohu8.com/S/BN\">Brookfield</a> Asset Management (BAM) to redeem the debt at an earlier date, Bloomberg reported Thursday, citing people familiar with the matter.</p><p>Brookfield or a group led by the private equity firm can use the option within six months of issue at 104% of the price plus accrued interest, the report said.</p><p>The debt placement is structured with greater flexibility to facilitate potential buyers, according to the people.</p><p>Grifols and Brookfield did not immediately respond to MT Newswires' requests for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 7.68, Change: -0.04, Percent Change: -0.45</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Grifols' Debt Placement Includes Early Redemption Option for Brookfield Asset Management</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Grifols' Debt Placement Includes Early Redemption Option for Brookfield Asset Management\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-13 02:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Grifols' (GRFS) 1.3 billion euro ($1.36 billion) offering of 7.125% senior secured notes due 2030 includes a clause allowing Brookfield Asset Management (BAM) to redeem the debt at an earlier date, ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4139","symbol_name":"生物科技","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2491588473","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491588473","pubTimestamp":1734028204,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Grifols'  1.3 billion euro  offering of 7.125% senior secured notes due 2030 includes a clause allowing Brookfield Asset Management  to redeem the debt at an earlier date, Bloomberg reported Thursday, citing people familiar with the matter.Brookfield or a group led by the private equity firm can use the option within six months of issue at 104% of the price plus accrued interest, the report said.The debt placement is structured with greater flexibility to facilitate potential buyers, according to the people.Grifols and Brookfield did not immediately respond to MT Newswires' requests for comment.Price: 7.68, Change: -0.04, Percent Change: -0.45","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4139":"生物科技","BK4588":"碎股","GRFS":"基立福","BK4135":"资产管理与托管银行","BAM":"布鲁克菲尔德资产管理","BK4585":"ETF&股票定投概念"},"translate_title":"市场热议：Grifols的债务配售包括布鲁克菲尔德资产管理公司的提前赎回选项","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BAM":0.9,"GRFS":0.9},"content_text":"Grifols' (GRFS) 1.3 billion euro ($1.36 billion) offering of 7.125% senior secured notes due 2030 includes a clause allowing Brookfield Asset Management (BAM) to redeem the debt at an earlier date, Bloomberg reported Thursday, citing people familiar with the matter.Brookfield or a group led by the private equity firm can use the option within six months of issue at 104% of the price plus accrued interest, the report said.The debt placement is structured with greater flexibility to facilitate potential buyers, according to the people.Grifols and Brookfield did not immediately respond to MT Newswires' requests for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: 7.68, Change: -0.04, Percent Change: -0.45","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491588473"}