London, 19 August 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.