Ramsay Health Care Limited’s Capital Raising

Herbert Smith Freehills has advised Ramsay Health Care Limited on the capital raising.

Ramsay Health Care’s raising comprised a fully underwritten A$1,200 million institutional placement and a non-underwritten share purchase plan to raise up to A$300 million.

The capital raising, together with Ramsay Health Care’s other capital management initiatives, are expected to enable it to strengthen Ramsay Health Care’s balance sheet and increase financial flexibility in an uncertain operating environment.

J.P. Morgan Securities Australia Limited acted as underwriter to the placement.

Ramsay Health Care is a global health care company, with more than 50 years of experience in providing acute health care services. The company delivers a range of acute and primary healthcare services from 480 facilities across 11 countries, making it one of the largest and most diverse healthcare companies in the world.

The Herbert Smith Freehills team was led by partners Philippa Stone (Picture) and Nicole Pedler, who were supported by senior associate Alexander Mackinnon, and solicitors Jennie Bian and Jessica Palazzolo. The firm’s Australian team worked closely with Herbert Smith Freehills’ US securities lawyers, including partner Siddhartha Sivaramakrishnan and senior associate Jin Kong.

Involved fees earner: Jennie Bian – Herbert Smith Freehills; Jin Kong – Herbert Smith Freehills; Alexander Mackinnon – Herbert Smith Freehills; Nicole Pedler – Herbert Smith Freehills; Siddhartha Sivaramakrishnan – Herbert Smith Freehills; Philippa Stone – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Ramsay Health Care Ltd;

Author: Michael Patrini