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Fresenius Medical Said to Hire Banks for $3 Billion Refinancing

Sept. 27 (Bloomberg) -- 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.

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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

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