01:30 PM EST, 12/12/2024 (MT Newswires) -- Grifols' ( GRFS ) 1.3 billion euro ($1.36 billion) offering of 7.125% senior secured notes due 2030 includes a clause allowing Brookfield Asset Management ( BAM ) to redeem the debt at an earlier date, Bloomberg reported Thursday, citing people familiar with the matter.

Brookfield or a group led by the private equity firm can use the option within six months of issue at 104% of the price plus accrued interest, the report said.

The debt placement is structured with greater flexibility to facilitate potential buyers, according to the people.

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

(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.)

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