Grifols (GRFS) included a term in its $1.4B private debt placement that would allow Brookfield Asset Management (BAM) to refinance the deal early, a sign the company is leaving the door open for Brookfield to make another takeover approach, Eleanor Duncan of Bloomberg reports. The clause allows the debt to be redeemed within six months of being issued, at a price of 104% and accrued interest, but only by Brookfield or a Brookfield-led buyer group of Grifols, Bloomberg reports, citing people familiar with the deal.
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