Elysium Healthcare cuts loan following rent agreement

Elysium Healthcare, the property portfolio being spun out of the Priory Group to BC Partners, has cut its sterling loan offering to £133m after reaching a ground rent agreement mid-transaction.

  • By Max Bower
  • 16 Dec 2016

The loan was originally for £200m, but despite the smaller size the price guidance remains unchanged at at 525bp over Libor.

The rent agreement differs from a sale-leaseback transaction as the ground rental payment is less, a banker on the deal said. The leasehold is for 125 years.

"They can ...

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