STOCKHOLM, Oct. 2, 2019 /PRNewswire/ -- Medicover AB (publ)
has successfully carried out its first Schuldschein issue (a German
private placement debt instrument), with a total of EUR 120 million in Euro-denominated tranches with
maturities of 5 and 7 years, at fixed and floating rates. The issue
was oversubscribed and increased from the initially offered
EUR 100 million.
With this transaction, Medicover was able to diversify its
sources of financing and substantially expand the investor base,
notably towards German, Asian and Polish institutional investors.
Demand across all tranches was high, reflecting the company's good
financial position.
Medicover further strengthen liquidity and make use of
attractive market conditions with margins of 1.2% and 1.5% for both
the fixed and floating rate tranches, in 5 and 7 years,
respectively.
Landesbank Hessen-Thüringen Girozentrale (Helaba), ING Bank, and
Skandinaviska Enskilda Banken AB (publ), Frankfurt Branch acted as joint arrangers on
the deal.
For further information, please contact:
Hanna Bjellquist, Head of
Investor Relations
+46-703-033-272
hanna.bjellquist@medicover.com
Medicover is a leading international healthcare and
diagnostic services company and was founded in 1995. Medicover
operates a large number of ambulatory clinics, hospitals,
specialty-care facilities and laboratories and the largest markets
are Poland and Germany. In 2018, Medicover had a revenue of
€672 million and 20,970 employees. For more information, go to
www.medicover.com
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https://mb.cision.com/Main/15662/2923289/1117047.pdf
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Medicover raises EUR
120 million with inaugural Schuldschein loan
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