debt
confidence high
sentiment neutral
materiality 0.70
Bio-Rad loans €400M to Sartorius-Herbst at 1.5% plus appreciation rights
BIO-RAD LABORATORIES, INC.
- Loan of €400 million to Sartorius-Herbst Beteiligungen II GmbH at 1.5% per annum plus value appreciation rights.
- Maturity on January 31, 2029, subject to early termination provisions.
- Proceeds used to partially finance acquisition of interests under the Sartorius Trust from another beneficiary.
- Loan collateralized by pledge of trust interests under the Sartorius Trust.