Healthscope eyes Friday close … and tricky allocation

12 Oct 2010

Healthscope hopes to close a A$1.5bn loan on Friday, after attracting around seven banks in general syndication. But the loan’s four tranches, different levels of underwriting and variable commitments will ensure the allocation is far from easy.

The borrower approached banks for between A$70m and A$100m in general syndication, after five lenders – having initially signed up to finance failed bids for the company – joined the loan with around A$300m beforehand. Carlyle Group and Texas Pacific Group beat competition, including KKR and Tenet Healthcare, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.