Grifols (ES:GRF) has released an update.
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Grifols has announced a strategic move to strengthen its financial position by issuing €1.3 billion in senior secured notes with a 7.125% interest rate, maturing in 2030. The proceeds will be used to repay existing debts and improve cash flow, aligning with the company’s commitment to managing its debt levels prudently. Additionally, Grifols has extended its multi-currency revolving credit line, further enhancing its balance sheet and financial stability.
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