Grifols SA 6-K, filed Jun 27, 2024
Grifols SA (GRFS)
About this 6-K
Grifols SA filed this 6-K on June 27, 2024.
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
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