Brief: Synlab AG Entered Into A Loan Agreement Of EUR 535 Mln

Synlab AG

19/04/2024 15:24

April 19 (Reuters) - SYNLAB AG  SYAB.DE :
    * RELEASE ACCORDING TO ARTICLE 111C OF THE AKTG [THE GERMAN
STOCK
CORPORATION ACT] WITH THE OBJECTIVE OF EUROPE-WIDE DISTRIBUTION
    * COMPANY AS BORROWER AND EPHIOS SUBCO 3 S.À R.L.,
LUXEMBOURG,
("LENDER"), A WHOLLY OWNED SUBSIDIARY OF EPHIOS LUXEMBOURG S.À
R.L. ("EPHIOS LUX"), AS LENDER, ENTERED INTO A LOAN AGREEMENT IN
AMOUNT OF EUR 535 MILLION ("LOAN") ON 18 APRIL 2024
    * ACCORDING TO LOAN AGREEMENT, LENDER PROVIDES COMPANY WITH
AN
UNSECURED LOAN TOTALING EUR 535 MILLION WITH A TERM OF FIVE
YEARS AND AN INTEREST RATE OF 5.0% P.A.
    * LOAN IS SUBJECT TO A FIVE YEARS AMORTIZATION SCHEDULE AND
INTEREST ARE TO BE PAID ANNUALLY
    * COMPANY WILL USE LOAN TO REPAY A BANK LOAN
    * MANAGEMENT BOARD AND SUPERVISORY BOARD BELIEVE THAT THIS
AND
LONGER TERM UNTIL 2029 WILL IMPROVE COMPANY'S FINANCING PROFILE
    * VARIABLE INTEREST RATE OF TERM LOAN A IS CURRENTLY HIGHER
THAN
INTEREST RATE OF NEWLY CONCLUDED LOAN

Source text for Eikon:  ID:nEQ9LFZkKa 
Further company coverage:  SYAB.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))