on Grünenthal GmbH (isin : XS2337703537)
Grünenthal Successfully Issues €500 Million Bond
On December 6, 2024, Grünenthal GmbH announced the successful placement of €500 million in senior secured notes maturing in 2031 with a 4.625% interest rate. Rated 'BB+' by Fitch, 'BB-' by Standard & Poor's, and 'B1' by Moody's, this bond issuance aims to strengthen Grünenthal's capital structure and maturity profile.
CEO Gabriel Baertschi stated this bond enhances Grünenthal's financial foundation, allowing it to execute its growth strategy, invest in innovations, and drive strategic acquisitions. CFO Fabian Raschke highlighted the market's trust in Grünenthal's strategic direction and its capability for sustainable growth.
The raised capital will refinance €100 million of revolving credit and repurchase part of notes due 2026, further solidifying its financial position.
R. H.
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