Business Context and Reporting Period
This Form 6-K filing by Fresenius Medical Care AG & Co. KGaA covers the period ending June 29, 2018. The report serves to disclose the filing of a prospectus with the Commission de Surveillance du Secteur Financier (CSSF) for a new debt issuance program.
Key Financial Metrics
The filing text does not provide specific revenue, profit, cash flow, margin, or liquidity figures for the reporting period. The document references audited consolidated financial statements for Fresenius Medical Care Holdings, Inc. (FMCH) for the years ended December 31, 2017, and 2016, which are available as Exhibit 99.1 and on the Luxembourg Stock Exchange website, but the specific values are not detailed in this summary text.
Material Changes and Debt Issuance
The primary material event disclosed is the establishment of a €10 billion debt issuance program. Key details include:
- Program Size: €10 billion.
- Guarantor: Notes issued under the program will be guaranteed by Fresenius Medical Care Holdings, Inc. (FMCH).
- Regulatory Filing: The prospectus was filed for approval with the CSSF on June 29, 2018.
Guidance, Risks, and Restrictions
The filing outlines specific restrictions regarding the sale of the new debt instruments:
- US Restrictions: Notes under the program may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an applicable exemption.
- US Persons: The notes will not be offered for sale in the US or to "US persons" as defined in Regulation S.
- Purpose of Filing: The inclusion of FMCH financial statements is solely to comply with Form 6-K and SEC Rule 13a-16 requirements.
Investor Verification Checklist
- Verify the full text of the prospectus filed with the CSSF for detailed terms of the €10 billion program.
- Review Exhibit 99.1 (Audited consolidated financial statements of FMCH for 2016 and 2017) for specific financial performance data not included in this summary.
- Confirm the status of the CSSF approval for the debt issuance program.
- Check the Luxembourg Stock Exchange website for the posted FMCH financial statements.