Wednesday, 12 August 2020

RPT-NMC Health $275 mln rescue financing faces creditor opposition - sources - Reuters

RPT-NMC Health $275 mln rescue financing faces creditor opposition - sources - Reuters:

NMC Health has secured loan commitments worth $275 million in a deal which would allow the lenders to improve their prospects of recovering money already owed by the United Arab Emirates troubled hospital operator, two sources said.

But the financing, which offers beneficial terms to the debt providers, has created heated discussions among NMC lenders in recent days, with some creditors asking to be more involved in the process, said the sources, who are familiar with the matter. 


NMC Health Plc, the London-listed holding company for the hospital group, went into administration in April amid allegations of fraud and the disclosure of more than $4 billion in hidden debts, leaving both UAE banks and overseas lenders with heavy losses and prompting legal battles.

The company’s administrators, Alvarez & Marsal, said last week the firm had secured a $250 million financing facility.

1 comment:

  1. Hello All ▲▲▲ I am Dianna Kent and I live in Nevada, U.S .I am a full member of the Illuminati brotherhood, and am among the 1252 lodge. ▲▲▲ Iwas ordained by the Grand-master to go out to the world and bringmore members to the Illuminati, ▲ so I was requested to get 400Recruits for the brotherhood, I have 210 new recruits already. I amlooking for only 190 more to go,▲I am sure you want to be amongthe 190 people that will be earning $500,000 monthly and a brandnew car, ▲so add me up now so we can achieve this great chanceof being rich ▲. You get to live your dream life on earth filled with luxury. so i urge you not to miss thisGreat opportunity becoming what you long wished for life email: illuminatitemple6634@gmail.com‬ or Whats-app +1(854) 220-5771 for guidance

    ReplyDelete