Company: GIFLF
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001104659-25-071915
Chunk: 6

Company: Grifols SA
Filing Date: 2025-07-30
Form: 6-K
Chunk 6
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 repurchase        
 option as follows: (i) the price at which the Selling Companies sold the shares to Scranton (totalling USD538,000,000)       
 increased by any expenses relating to the completion of the transactions contemplated in the relevant share purchase         
 agreement, plus (ii) the change in working capital. Based on the business models of Haema and BPC, this change in            
 working capital is expected to primarily reflect the undistributed profits at the time of exercise of the repurchase option. 
 Given that the price of the exercise of the repurchase option aligns closely with the fair value of BPC and Haema, this      
 option's overall value is not considered significant. Furthermore, since the valuation of the option relies on unobservable  
 market factors, it falls under Level 3 of the fair value hierarchy.                                                          
 In July 2024, Scranton entered into a loan agreement with funds controlled or managed by Oaktree (the "Loan                  
 Agreement") to refinance the loan that Scranton had initially obtained from banks in 2019. According to the terms of         
 the Loan Agreement, this financing benefits from the following guarantees and security interest: (i) by a guarantee from     
 BPC, (ii) a pledge of the shares of Haema and BPC, and (iii) pledges over the assets of BPC. In March 2025 and once          
 the transformation of Haema into a limited liability company in the form of GmbH had concluded, following the terms          
 of the Loan Agreement, Haema acceded to the Loan Agreement as a guarantor and granted security over its assets as            
 collateral for the Loan Agreement.                                                                                           
 In the event of a default under the Loan Agreement, the Selling Companies can, respectively and simultaneously,              
 exercise the repurchase option for both companies within 90 days after receiving notification of the default. If the         
 Selling Companies fail to exercise this option within that timeframe, they will lose their right to repurchase the shares of 
 Haema and BPC. As of 30 June 2025, no defaults have been reported under the Loan Agreement.                                  
 In relation to the sale of the shares of BPC Plasma, Inc. and Haema GmbH, a loan was signed by Scranton Enterprises          
 B.V. with the Group on 28 December 2018 for an initial amount of US Dollars 95,000 thousand (Euros 86,969                    
 thousand). The remuneration is 2%+ EURIBOR and matures on December