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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 raised EUR 150 million of incremental debt on its existing Term Loan Facility, maturing in 2022.
SYNLAB’s incremental facility 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 EUR 150 million proceeds ahead of schedule.The proceeds of the add-on to the Term Loan Facility 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.