Mediclinic opts for opportunistic refi

02 Aug 2012

South African private hospital group Mediclinic International has refinanced its existing loan facility two years early by signing a $2.67bn-equivalent dual currency deal with seven mandated lead arrangers.

The new loan is denominated in Swiss francs and South African rand. The Sfr2.1bn ($2.16bn) portion of the debt is split between four tranches. These are a Sfr1.5bn five year amortising loan priced at Swiss Libor plus 200bp, a Sfr50m five year revolving credit facility with a 200bp ...

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