Australian bank Macquarie has agreed a €300 mln refinancing package for a private Dublin hospital.
The Mater Private hospital, whose majority investor (51%) is CapVest, was recently pulled from the market after German healthcare giant Fresenius came close to inking a €500 mln deal for the property.
CapInvest elected to put the sale on ice and refinance the hospital's loans, acccording to media reports.
Macquarie originated and structured the €300 mln financing agreement with a bespoke capital expenditure facility to support the hospital's future development, the Australian bank said.
'The Mater Private Hospital is a key part of the Irish healthcare system, with a world-class reputation for outstanding clinical care and state-of-the-art facilities,' commented Andrew Honan, senior managing director for Macquarie Lending Europe. 'We structured the transaction to specifically address the requirements of The Mater Private Hospital and the nature of the underlying private healthcare business.'
Linklaters and Mathesons acted as legal advisors to Macquarie.
