Ramsay Santé’s €1,650 Million Syndicated Debt Refinancing

Willkie Farr & Gallagher LLP advised BNP Paribas, Crédit Agricole CIB and Mediobanca on the refinancing of Ramsay Santé’s senior syndicated debt.

Ramsay Santé as borrower has entered into a €1,650m term and revolving senior facilities agreement with BNP Paribas as coordinator and arranger, Crédit Agricole CIB and Mediobanca as arrangers, comprising two TLB facilities of €700 million and €750 million respectively, a €100 million Capex facility and a €100m RCF. This senior debt, which matures on April 22, 2026 for up to €900 million and on April 22, 2027 for up to €750 million, has enabled Ramsay Santé to refinance in whole its existing senior debt and is otherwise intended to finance the general corporate purpose of the Group, as well as acquisitions and capital expenditures for growth and reorganization.

Ramsay Santé is one of the leaders of the private hospitalization and primary care in Europe with 36,000 employees and 8,600 practitioners serving 7 million patients in 350 facilities in France, Sweden, Norway, Denmark and Italy.

Willkie’s deal team was led in Paris by partner Thomas Binet (Picture) and included associate Ghita Lorabi, and in London by partner Ashley Young and included associates Anaïs Spacey, Kaveeta Meir and Vanessa Tse.

Involved fees earner: Thomas Binet – Willkie Farr & Gallagher; Ghita Lorabi – Willkie Farr & Gallagher; Kaveeta Meir – Willkie Farr & Gallagher; Anaïs Spacey – Willkie Farr & Gallagher; Vanessa Tse – Willkie Farr & Gallagher; Ashley Young – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: BNP Paribas; Crédit Agricole Corporate and Investment Bank; Mediobanca;

Author: Federica Tiefenthaler