Grünenthal Sets €850 Million Bond Pricing Strategy

Grünenthal GmbH has announced the pricing of €850 million senior secured notes, targeting financial growth and strategic initiatives. Divided into €400 million with a fixed rate at 5.375% and €450 million as floating rate notes at Euribor + 275 basis points, these notes are due in 2032.

The bonds aim to redeem existing notes due 2028 and 2030 and drive key strategic projects. CEO Gabriel Baertschi highlighted Grünenthal's transformed business and diversified portfolio as a backdrop to this financial venture. CFO Fabian Raschke emphasized the importance of extending debt maturities and strengthening capital structure.

These bonds, rated between ‘BB+’ and ‘Ba3’, mark a progressive step in Grünenthal's financial strategy.