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SC Lowy Sounds Out Lenders' Interest in Selling Healthscope Loan.

Authors :
Klyne, Sharon
Wijaya, Megawati
Source :
Bloomberg.com; 4/23/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Credit investor SC Lowy Financial HK Ltd. has approached lenders of a A$1.6 billion loan to Healthscope Ltd., an Australian hospital operator, to inquire about selling the debt. Healthscope is currently in talks with lenders to restructure its liabilities, including a proposal to split its hospitals into two groups. The lenders have formed a steering committee and hired advisors, while Healthscope has also brought on additional restructuring advisors. The loan in question is set to mature in June 2027 and includes major Australian banks, Asian banks, and private credit funds as lenders. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
176806458