0001104659-24-075668.txt : 20240627 0001104659-24-075668.hdr.sgml : 20240627 20240627161857 ACCESSION NUMBER: 0001104659-24-075668 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240627 FILED AS OF DATE: 20240627 DATE AS OF CHANGE: 20240627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grifols SA CENTRAL INDEX KEY: 0001438569 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35193 FILM NUMBER: 241079534 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY STREET 2: SUITE 2376 CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-969-3335 MAIL ADDRESS: STREET 1: 1585 BROADWAY STREET 2: SUITE 2376 CITY: NEW YORK STATE: NY ZIP: 10036 6-K 1 tm2418443-1_6k.htm FORM 6-K

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2024

 

Commission File No. 001-35193

 

Grifols, S.A.

(Translation of registrant’s name into English)

 

Avinguda de la Generalitat, 152-158

Parc de Negocis Can Sant Joan

Sant Cugat del Valles 08174

Barcelona, Spain

(Address of registrant’s principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x                              Form 40-F ¨

 

 

 

 

 

 

Grifols, S.A.

 

TABLE OF CONTENTS

 

Item   Sequential Page Number
     
1.             Other Relevant Information, dated June 27, 2024 3

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

 

  Grifols, S.A.
     
  By: /s/ David I. Bell
    Name: David I. Bell
    Title: Authorized Signatory

 

Date:  June 27, 2024

 

 

 

EX-1 2 tm2418443-1_ex1.htm EXHIBIT 1

 

Exhibit 1

 

Grifols, S.A.
  

Avinguda de la Generalitat 152-158

08174 Sant Cugat del Vallès

Barcelona - ESPAÑA

  
 

Tel. [34] 935 710 500

Fax [34] 935 710 267

  
 www.grifols.com

 

 

Pursuant to the provisions of article 227 of the Law 6/2023, of March 17, on Securities Markets and Investment Services Grifols, S.A. (“Grifols” or the “Company”) hereby informs about the following

 

OTHER RELEVANT INFORMATION

 

In relation to credit rating agencies updates and the news published in media, Grifols wants to highlight the following:

 

·The EUR 1.6 billion net cash proceeds from the sale of a 20% equity stake in Shanghai RAAS (SRAAS) are currently deposited in a Grifols bank account.

 

·These proceeds will be fully allocated to reduce the 2025 Senior Secured Notes (SSNs) and the 2027 Term Loan B (TLBs) and on a pro-rata basis, as per the Credit Agreement. Additionally, the EUR 1.0 billion Private Placement Note (PPN) has already been used to repay the 2025 Senior Unsecured Notes (SUNs).

 

·Therefore, the Company will repay in full the 2025 debt maturities, leaving no additional maturities until 2027.

 

·At the end of June 2024, considering the SRAAS proceeds, the leverage ratio is expected to reach 5.4x vs. 6.8x in March 2024.

 

·Free Cash Flow (FCF) in Q2 2024 is expected to be positive, contributing to reach the EUR 5 million FY24 guidance, which includes EUR 480 million of extraordinary items. On the back of lower level of extraordinary items and the Cash Flow Improvement Plan, the FCF for FY25 will increase significantly.

 

·Grifols continues to maintain a strong liquidity position. By the end of June, liquidity will stand at more than EUR 2.4 billion including SRAAS proceeds.

 

·Grifols is a completely separate entity from Scranton, and none of Scranton's liabilities are consolidated at the Grifols group.

 

In Barcelona, on 27 June 2024

 

 

Núria Martín Barnés

Secretary to the Board of Directors

 

 

 

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