Linklaters advises Asklepios on €600 million social promissory note loan placement

Linklaters has advised Asklepios Kliniken GmbH & Co. KGaA on the placement of social promissory note loans totalling €600 million as part of the Asklepios Group's Social Finance Framework. The new promissory note loans were placed with maturities of 3, 5, 7 and 10 years and serve to refinance promissory note loans maturing in 2025, 2026 and 2027 at an early stage.

The social promissory note loans offered met with great interest from investors. In addition to securing a high rollover rate from existing investors, the acquisition of new investors from abroad was crucial to the success of the transaction.

Asklepios Kliniken is one of the leading private operators of hospitals and healthcare facilities in Germany. The group currently has around 170 healthcare facilities nationwide and employs more than 67,000 people.

The Linklaters team was led by Urs Lewens (Counsel, Banking, Frankfurt).