NMC Health debt now estimated at $6.6bn after latest review - Arabianbusiness:
Embattled healthcare operator NMC Health’s debt position is currently estimated at $6.6 billion, significantly higher than the approximately $5 billion reported earlier in March, the company said in a statement posted to the London Stock Exchange.
According to the statement, the debt includes a $360 million convertible bond and $400 million sukuk.
On March 10, NMC estimated that its debts stood at about $5 billion. Since then, the company has verified another $0.3 billion currently outstanding that related to facilities the company’s board was aware of in June 2019, as well as $0.8 billion of newly identified facilities and an additional $0.4 billion of facilities entered into post June 20190 and unidentified earlier in March.
“NMC is continuing to work with its advisers to understand the exact nature and quantum of the undisclosed facilities, including the circumstances in which they were obtained,” the statement said.
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