28th Jun 2016 15:04
LONDON (Alliance News) - Mediclinic International PLC on Tuesday said it has completed the refinancing of a bridge facility associated with its takeover of Al Noor Hospitals Group.
The new facilities include a South African senior bank loan totalling ZAR1.2 billion, expiring June 2019, a South African unsecured preference share funding totalling ZAR1.5 billion, expiring June 2020, and United Arab Emirates bank loans of USD54.5 million and USD100 million, expiring June 2020 and May 2021, respectively.
The remainder of the GBP2 million drawn down from the bridge facility has been satisfied by a USD64.5 million payment from existing cash resources.
Shares in Mediclinic were up 5.8% at 1,039.50 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2016 Alliance News Limited. All Rights Reserved.
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