Fresenius Medical Said to Hire Banks for $3 Billion Refinancing

Fresenius Medical Care AG, the world’s biggest provider of kidney dialysis, hired banks for a $3 billion debt refinancing, according to two people with knowledge of the matter.

Deutsche Bank AG and Bank of America Merrill Lynch will arrange the loans comprising term loan A and revolving credit facilities, said the people, who asked not to be identified because the deal is private.

The banks are inviting other potential lenders to meetings in Frankfurt tomorrow and in New York on Oct. 5, the people said. Fresenius did not respond to an e-mail seeking comment.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Tom Freke at tfreke@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.