Wednesday 28 March 2018

RPT-UAE healthcare provider NMC raises $2 billion loan - sources

RPT-UAE healthcare provider NMC raises $2 billion loan - sources:

"United Arab Emirates’ healthcare provider NMC Health has raised a $2 billion loan which will be used for general corporate purposes and partly to refinance existing debt, sources familiar with the matter said.

The fundraising, completed earlier this month, was provided by a consortium of banks including Citi, JPMorgan and Standard Chartered, the sources said.

London-listed NMC said earlier this month that it planned acquisitions worth up to $800 million this year, as it looks for growth opportunities in Dubai, Oman and Saudi Arabia. Last year, NMC spent $641 million in acquisitions."



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