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NMC Health secures $250 million financing facility

Reuters
Filed on August 3, 2020 | Last updated on August 3, 2020 at 06.14 pm
NMC Health, secures, $250 million, financing, facility

(KT file photo)

NMC Health Plc went into administration in April after months of turmoil over its finances.

Hospital operator NMC Health has secured a $250 million financing facility conditional on a planned second-phase restructuring, which would allow the group to continue to provide healthcare, its administrators said on Monday, August 3.

Sources told Reuters last month that NMC Health was looking to raise the $250 million loan, referred to as debtor-in-possession financing, and that it had hired Perella Weinberg Partners to advise it on the process.

NMC Health Plc, the London-listed holding company for the hospital group, went into administration in April after months of turmoil over its finances.


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