06:41 AM EDT, 08/21/2024 (MT Newswires) -- Brookfield Asset Management ( BAM ) is seeking debt financing from banks totaling nearly 9.5 billion euros ($10.6 billion) for a potential deal to take private Spanish life-science firm Grifols ( GRFS ) , Bloomberg reported Wednesday, citing people with knowledge of the matter.

The Canadian asset management firm has approached banks to refinance Grifols' ( GRFS ) loans and high-yield bonds ahead of the proposed take-private deal, Bloomberg's report said.

Taking the company private would allow Grifols' ( GRFS ) creditors to be repaid at rates above where its bonds are currently trading, Bloomberg reported.

Brookfield and Grifols ( GRFS ) did not immediately reply to MT Newswires' requests for comment.

Grifols ( GRFS ) shares were up more than 12% in Thursday's premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)