Milbank Advises Initial Purchaser on €1 Billion Issuance of Senior Notes by Grifols, S.A.

Milbank, Tweed, Hadley & McCloy LLP has advised Morgan Stanley & Co. International plc, as Initial Purchaser, on €1,000,000,000 3.200% Senior Notes due 2025 issued by Spanish multinational pharmaceutical and chemical company, Grifols, S.A.

The new issuance is part of a broader transaction where Morgan Stanley & Co. International plc, as dealer manager and purchaser, purchased any and all of the outstanding 5.25% Senior Notes due 2022 issued by Grifols Worldwide Operations Limited, a subsidiary of Grifols, S.A.

The Milbank team was led by Global Capital Markets partner Stuart Morrissy with special counsel Trevor Truman and associates Alastair Gillespie, Azzurra Camillieri in London. The team also included New York Tax partner Eschi Rahimi-Laridjani and associate Jules Mugema.