Ramsay Santé: refinancing of a debt contract
(CercleFinance.com) - Ramsay Santé announces that it has completed the 'Amend & Extend' process of its E1.
65bn senior debt agreement, including a E100m revolving credit facility, a E100m Capex credit facility and a E1.45bn 'Term Loan B' (TLB).
The transaction, proactively extending its maturities from 2026-27 to 2029-31, was supported by existing lenders and a large number of new investors, enabling TLB pricing conditions to be optimized during syndication.
The existing TLB CSR scheme has been renewed and updated in a specific framework document, which provides for margin adjustment (upwards or downwards) based on the assessment of key social or environmental performance indicators.
This refinancing will enable Ramsay Santé to provide all its stakeholders with a long-term financing framework, and further secure the implementation of key initiatives in its 'Yes We Care 2025' strategic plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
65bn senior debt agreement, including a E100m revolving credit facility, a E100m Capex credit facility and a E1.45bn 'Term Loan B' (TLB).
The transaction, proactively extending its maturities from 2026-27 to 2029-31, was supported by existing lenders and a large number of new investors, enabling TLB pricing conditions to be optimized during syndication.
The existing TLB CSR scheme has been renewed and updated in a specific framework document, which provides for margin adjustment (upwards or downwards) based on the assessment of key social or environmental performance indicators.
This refinancing will enable Ramsay Santé to provide all its stakeholders with a long-term financing framework, and further secure the implementation of key initiatives in its 'Yes We Care 2025' strategic plan.
Copyright (c) 2024 CercleFinance.com. All rights reserved.