(Adds bank allocations from fourth paragraph.)
Nov. 29 (Bloomberg) -- Ramsay Health Care Ltd., Australia’s biggest operator of private hospitals, signed loan facilities worth the equivalent of A$2 billion ($1.99 billion), according to a person familiar with the matter.
The company plans to draw down the three- and five-year debt, denominated in Australian dollars, British pounds and euros, on May 1 next year, according to a Nov. 11 regulatory filing announcing the debt package. The facilities were signed with banks on Nov. 25, the person said today, asking not to be identified as details are private.
The loan is split into three parts of A$1.2 billion, 260 million pounds ($404 million) and 300 million euros ($401 million), the person said. Each part is further split into a portion of a third which matures in three years and two-thirds which matures in five, the person said.
Australia & New Zealand Banking Group Ltd., National Australia Bank Ltd. and Westpac Banking Corp. were the loans’ mandated lead arrangers and bookrunners lending the equivalent of A$330 million each, the person said.
Bank of Scotland Plc lent the equivalent of A$176 million, Commonwealth Bank of Australia the equivalent of A$265 million and HSBC Holdings Plc the equivalent of A$177 million for the titles of mandated lead arranger, the person said.
Mizuho Corporate Bank Ltd. committed funds equivalent to A$88 million for the title of co-arranger, the person said. Bank of Nova Scotia lent the equivalent of A$66 million for the title of senior manager, Bank of China Ltd. A$74 million for the title of senior manager, and Sumitomo Mitsui Banking Corp. A$123 million for the title of lead arranger, the person said.
BNP Paribas SA lent the equivalent of A$48 million for the title of manager, the person said. A bookrunner refers to a loan’s main arranger or key coordinator.
--Editors: Katrina Nicholas, Pavel Alpeyev
To contact the reporter on this story: Katrina Nicholas in Singapore at email@example.com
To contact the editor responsible for this story: Shelley Smith at firstname.lastname@example.org