IFLR1000

Remgro Healthcare ZAR8.86 million bridge refinancing

1/3/2016
Refinancing
Select tab

ZAR 8.86 billion

$ 577 million

Completed

1/3/2016

Overview:

  • Remgro Healthcare Holdings received funds from Rand Merchant Bank and The Standard Bank of South Africa to refinance funds used for the acquisition of shares in Al Noor Hospitals Group.
  • Rand Merchant Bank granted ZAR4.5 billion preference share funding and Standard Bank of South Africa granted ZAR4.37 billion preference share funding.

Rani Mehta - Journalist

Jurisdiction:

South Africa

Deal type:

Refinancing

Practice area:

Banking

Industry sector:

Healthcare

Firms:
Allen & Overy

Party: FirstRand (Lender)

Party: Standard Bank of South Africa (Lender)

ENSafrica

Party: Remgro (Borrower)

Related deals