Grifols brings $1 billion eight-year notes for debt refinancing

By Paul A. Harris

Portland, Ore., March 3 - Grifols Worldwide Operations Ltd. plans to take part in a New York investor lunch on Tuesday to discuss its $1 billion offering of eight-year notes (/B+/), according to a market source.

Nomura, Morgan Stanley, BBVA, Deutsche Bank and HSBC are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with three years of call protection.

The Barcelona-based pharmaceutical company plans to use the proceeds to refinance debt.

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