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 SYNLAB Unsecured Bondco PLC’s € 375M of Senior Notes maturing in 2023, currently bearing interest at 8,25% 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.