Ramsay Sante : Ramsay Santé has successfully refinanced its Senior Debt Facility
13 Agosto 2024 - 10:45AM
UK Regulatory
Ramsay Sante : Ramsay Santé has successfully refinanced its Senior
Debt Facility
PRESS RELEASE
Paris, 13 August 2024
Ramsay Santé has successfully refinanced
its Senior Debt Facility
- On 13 August
2024, Ramsay Santé completed the Amend & Extend process of its
€1,650m Senior Debt facility, including a €100m revolving credit
facility, a €100m capex facility, and a €1,450m Term Loan B
facility, proactively extending its upcoming 2026-2027 debt
maturities to 2029-2031. This transaction was arranged by BNP
Paribas and Crédit Agricole CIB as Global Coordinators for Europe
and Physical Bookrunners, MUFG as Global Coordinator for Asia and
Physical Bookrunner, as well as Natixis CIB as Physical
Bookrunner.
- The Amend &
Extend was supported by existing lenders as well as a large number
of new investors, allowing Ramsay Santé to fully extend its Term
Loan B facility (TLB) whilst optimizing pricing during syndication:
- a €425m 5-year
TLB priced at E+325bps / 99.50 OID (vs E+325-350bps / 99.50 initial
guidance)
- a €1,025m 7-year
TLB priced at E+400bps / 99.75 OID (vs E+400-425bps / 99.50 initial
guidance)
- Ramsay Santé is
fully engaged in the combination of economic, human et
environmental interests in order to create the conditions for a
sustainable growth. Therefore, the ESG scheme of existing Term Loan
B facility has been reconducted and updated in a specific framework
document coordinated by Crédit Agricole CIB and Natixis CIB, which
enables a possible adjustment on margin (upwards or downwards)
based on the evaluation of specific KPIs related to patient
satisfaction, medical care for underserved population &
preventive healthcare, employees’ satisfaction & prevention of
psychological risks, as well as reduction of CO2 emissions (scope
1&2).
- Such refinancing
will enable Ramsay Santé to ensure to all its stakeholders a
long-term financing framework and further support the
implementation of its key initiatives as part of its “Yes We Care
2025” strategy plan, to offer integrated care pathways with
digi-physical solutions to the patients.
Pascal Roché, Chief Executive Officer of
Ramsay Santé, says:
« In a context of political and financial
uncertainty, we have passed a key milestone with the completion of
the refinancing of our Senior Debt Facility that offers to Ramsay
Santé and all its stakeholders a long term and positive framework
to foster sustainable and profitable growth. This will allow Ramsay
Santé to further secure its development towards the strategic
objective of the Yes We Care 2025 Plan as a trusted partner of
choice to our patients, doctors, employees and payors as the
preferred provider and coordinator of care along the patient
pathways in Europe. »
About Ramsay Santé
Ramsay Santé is the leader in private hospitalisation and primary
care in Europe. The Group has 38,000 employees and works with
nearly 9,300 practitioners to treat more than 12 million patients
per year in its 465 facilities and 5 countries: France, Sweden,
Norway, Denmark and Italy. Ramsay Santé offers almost all medical
and surgical specialities in three domains: Medicine, Surgery,
Obstetrics (MSO), Follow-up Care and Rehabilitation (FCR) and
Mental Health.
Legally, Ramsay Santé is a mission-driven
company committed to constantly improving the health of all
patients through innovation. Wherever it operates, the Group
contributes to public health service missions and the healthcare
network. Through its actions and the constant dedication of its
teams, Ramsay Santé is committed to ensuring the entire patient
care journey, from prevention to follow-up care.
Every year, the group invests over 200 million
euros to support the evolution and diversity of care pathways, in
medical, hospital, digital, and administrative aspects. Through
this commitment, our Group enhances access to care for all, commits
to provide best-in-class healthcare, systematically engages in
dialogue with stakeholders and strives to protect the planet to
improve health.
Facebook: https://www.facebook.com/RamsaySante
Instagram: https://www.instagram.com/ramsaysante
Twitter: https://twitter.com/RamsaySante
LinkedIn: https://www.linkedin.com/company/ramsaysante
YouTube: https://www.youtube.com/c/RamsaySante
Code ISIN and Euronext Paris:
FR0000044471
Website:
www.ramsaysante.fr
Investor / Analyst
Relations Press
Relations
Clément
Lafaix Brigitte
Cachon
Tel. +33 1 87 86 21
52 Tel.
+33 1 87 86 22 11
clement.lafaix@ramsaysante.fr brigitte.cachon@ramsaysante.fr
- Press Release 13 August 2024
Ramsay Generale De Sante (LSE:0OD6)
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