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MILAN - Italian healthcare group Gruppo San Donato announced plans to issue €600 million in senior secured notes with a six-year maturity, according to a stabilization notice released Thursday.
BNP Paribas will serve as the stabilization coordinator for the offering, with BNP Paribas, Intesa, and Unicredit acting as stabilization managers. The stabilization period is expected to begin Thursday and end no later than October 28, 2025.
The stabilization managers may over-allot securities or conduct transactions to support the market price of the securities at a level higher than might otherwise prevail during the stabilization period, though such actions are not guaranteed to occur.
The offering price for the notes has not yet been determined. The securities will be traded over-the-counter.
Gruppo San Donato is one of Italy’s largest private healthcare providers. The company has not specified the intended use of proceeds from the bond issuance.
The announcement stated that the securities have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an exemption.
This information is based on a pre-stabilization notice issued by the company.
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