Sartorius Issues $3.22 Billion in Bonds for Polyplus Bridge Financing
07 September 2023 - 7:07PM
Dow Jones News
By David Sachs
Sartorius said Thursday that it has issued 3 billion euros
($3.22 billion) in bonds to pay for the bridge financing related to
the acquisition of Polyplus.
The German pharmaceutical company and lab equipment supplier
said the bonds, issued through subsidiary Sartorius Finance, are in
four tranches with maturities ranging between three and 12 years.
In addition to paying down the bridge financing for Polyplus, the
company said it will use the proceeds for general corporate
purposes.
Sartorius has applied to the Luxembourg Stock Exchange to admit
the bonds to trading, it said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
September 07, 2023 12:52 ET (16:52 GMT)
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