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Mediclinic secures sustainability-linked debt refinancing
21st Sep 2021 07:57
(Sharecast News) - 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 ZAR950m (£47m) of senior secured debt and a ZAR500 million revolving credit facility, replacing previous funding.
"By achieving pre-agreed sustainability performance targets, Mediclinic Southern Africa will benefit from a reduced facility margin through an incentive-based pricing mechanism," the company said on Tuesday.
"The targets are directly linked to keygGroup environmental and social goals of progressing to becoming carbon neutral with zero waste to landfill by 2030 and improving water efficiency and patient experience."
The new facility comprised ZAR950m (£47m) of senior secured debt and a ZAR500 million revolving credit facility, replacing previous funding.
"By achieving pre-agreed sustainability performance targets, Mediclinic Southern Africa will benefit from a reduced facility margin through an incentive-based pricing mechanism," the company said on Tuesday.
"The targets are directly linked to keygGroup environmental and social goals of progressing to becoming carbon neutral with zero waste to landfill by 2030 and improving water efficiency and patient experience."