Nuffield refinancing finalised by RBS

Posted on November 1st, by editor in Caring Times. No Comments

The Royal Bank of Scotland (RBS) has finalised a £250 million debt-financing package for Nuffield Hospitals. The deal involves re-financing the existing facilities of £150 million on to a long-term basis, alongside a revolving facility of £100 million, to assist with Nuffield Hospitals¹ development plans. JC Rathbone organised the funding tender, inviting financial service providers to structure a debt and interest rate management deal. RBS director of healthcare corporate banking Neil Rudge said his bank had developed a credible and professional banking relationship with Nuffield Hospitals which had enabled a deep understanding of its business objectives and expansion plans within the UK. “This is why we were able to structure the integrated deal it desired and we look forward to continuing working with this highly motivated and progressive group,” Mr Rudge said. “RBS is a market leader in the provision of banking services to private healthcare businesses. It has a focused knowledge of the market and is

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