DUBLIN (S&P Global Ratings) Jan. 19, 2022--S&P Global Ratings today said that Mehilainen Yhtyma Oy's (Mehilainen's; B/Stable/--) current credit metric flexibility means it can comfortably accommodate the proposed €150 million add-on to its €1.06 billion term loan facility due August 2025. The proceeds will be used to fund the acquisition of Finland's leading physiotherapy chain, Fysios, and replenish cash on the balance sheet for further acquisitions over 2022. The Fysios acquisition is expected to close during first-quarter 2022, and marks Mehilainen's entry into this field. Mehilainen completed a range of mergers and acquisitions (M&A) in recent months funded through cash on the balance sheet, notably residential and home care service operators Vetrea and Debora in Finland. It also acquired Germany-based
