Mediclinic International secures sustainability-linked debt refinancing

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Private healthcare services group Mediclinic International said its Southern Africa division had completed a debt refinancing through a new sustainability-linked banking facility.

The new facility comprised ZAR7 950 million of senior secured debt and a ZAR500 million revolving credit facility, replacing the previous facilities.

The five-year agreement was priced initially at three-month JIBAR plus 1.54% and 1.60% on the senior secured debt and RCF, respectively.