Ramsay Santé: refinancing of senior debt contract
(CercleFinance.com) - Ramsay Santé announces that it has launched the 'Amend & Extend' process to refinance its E1.
65 billion senior debt contract, including a E100 million RCF line and a E100 million Capex line, and to proactively extend its next maturities from 2026-27.
Completion of this process is subject to market conditions. It would enable the private hospital group to support the implementation of its key initiatives under its 'Yes We Care' strategic plan.
In connection with this project, Ramsay Santé reports that its sales rose by 6.9% to E3.7 billion in the nine months to 31 March 2024, mainly underpinned by dynamic organic growth.
Its EBITDA, however, fell by 1.2% to E445m, depite this higher activity, mainly due to lower subsidies, as well as a widening gap between tariff increases and cost base inflation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
65 billion senior debt contract, including a E100 million RCF line and a E100 million Capex line, and to proactively extend its next maturities from 2026-27.
Completion of this process is subject to market conditions. It would enable the private hospital group to support the implementation of its key initiatives under its 'Yes We Care' strategic plan.
In connection with this project, Ramsay Santé reports that its sales rose by 6.9% to E3.7 billion in the nine months to 31 March 2024, mainly underpinned by dynamic organic growth.
Its EBITDA, however, fell by 1.2% to E445m, depite this higher activity, mainly due to lower subsidies, as well as a widening gap between tariff increases and cost base inflation.
Copyright (c) 2024 CercleFinance.com. All rights reserved.