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SYNLAB Bondco Plc ("SYNLAB" or “the Group”), the leading provider of medical diagnostic services in Europe, today announced that it successfully closed a term loan transaction amounting to EUR 300 million, maturing in 2022.
SYNLAB’s new loan is priced at Euribor + 3%, demonstrating strong support from investors and banks for SYNLAB’s strategy and business. An oversubscribed book allowed the Group to accelerate the planned syndication timeline and receive the new EUR 300 million proceeds ahead of schedule.
The proceeds of the term loan will be used amongst others to further drive SYNLAB’s consolidation strategy through selective acquisitions with the aim to expand the Group’s geographical footprint and service offering.