Macquarie Lending supports €300 million refinancing of The Mater Private Hospital
London, 19 Aug 2016
Macquarie Lending (Macquarie) has acted as lead arranger and financing partner for the €300 million refinancing of The Mater Private Hospital in Dublin.
The Mater Private Hospital is Ireland’s leading private hospital, specialising in cardiology and oncology and is the only private hospital to offer 24/7 access to urgent cardiac care.
Macquarie originated and structured the €300 million financing agreement, as a bespoke unitranche loan - one of the largest transactions of its kind in Europe to date.
The transaction will refinance the Hospital’s existing debt and includes a tailored capex facility to support future growth and development at the hospital.
Andrew Honan, Senior Managing Director for Macquarie Lending Europe, said: “The Mater Private Hospital is a key part of the Irish healthcare system, with a world class reputation for outstanding clinical care and state of the art facilities. We structured the transaction to specifically address the requirements of The Mater Private Hospital and the nature of the underlying private healthcare business.”
Macquarie Lending has substantial experience in structuring and underwriting customized financing solutions to clients, as well as deep expertise within healthcare markets.
Linklaters and Mathesons acted as legal advisors to Macquarie.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in 64 office locations in 28 countries and employs more than 14,300 people. Assets under management total approximately €322 billion at 31 March 2016.
Part of the Group’s Corporate and Asset Finance business, Macquarie Lending is the principal finance and investing arm of Macquarie Bank focused on corporate and commercial real estate clients. As a leading primary lender and acquirer of secondary loans across Europe, North America and Australasia, Macquarie Lending has provided more than €8.0 billion in new loan commitments in Europe since 2009, with €0.6 billion in the last 12 months alone.
Recognising that every client is different, Macquarie Lending's expertise goes beyond traditional financing to adapt solutions to meet individual client needs. With offices in New York, Chicago, London and Sydney, Macquarie Lending has more than 80 experienced lending and investing professionals globally.