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LIFE HEALTHCARE GROUP HOLDINGS LIMITED - 400,000,000 Equivalent Senior Loan Facilities

Release Date: 26/03/2020 16:25
Code(s): LHC     PDF:  
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£400,000,000 Equivalent Senior Loan Facilities

LIFE HEALTHCARE GROUP HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2003/002733/06)
ISIN: ZAE000145892
Share Code: LHC
(“LHC” or “the Company”)

£400,000,000 Equivalent Senior Loan Facilities

The Company is pleased to advise shareholders that it has successfully closed a £400, 000, 000 equivalent
syndicated loan facility, concluded on 23 March 2020.

The facility is considered a landmark transaction for LHC, with 10 international funders committing to the
financing. Circa £300, 000, 000 of the proceeds of the facility are to be applied towards refinancing existing
indebtedness, and the balance will be applied to investments in the business and for general corporate purposes.

Despite the current market backdrop of the COVID-19 global pandemic, the £400, 000, 000 equivalent refinancing
was very well received by the market and the overwhelming appetite from banks was evidenced by a more than
1.75x oversubscription. The success of the deal, against a backdrop of market volatility, is a testament to the
strength of LHC’s financial profile and banking relationships.

Bank of America and Rand Merchant Bank acted as Joint Coordinators and Bookrunners on the deal, with Bank of
America acting as Documentation Agent and Rand Merchant Bank acting as Syndication Agent. Barclays acted as
Facility Agent.

The facilities comprise of GBP/EUR term and revolving credit facilities, with tenures ranging from 3 to 5 years as
follows:
     • Facility A1: £90,000,000 3-year term loan facility
     • Facility A2: £90,000,000 5-year term loan facility
     • Facility B1: €68,750,000 3-year term loan facility
     • Facility B2: €68,750,000 5-year term loan facility
     • Facility C: £100,000,000 5 year revolving credit facility

Illovo
26 March 2020

Joint Coordinators & Bookrunners
Bank of America, RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Mandated Lead Arrangers
ABSA, Bank of China, Barclays, Intesa Sanpaolo, JP Morgan and MUFG

Lead Arranger
Sanlam

Arranger
State Bank of India

Sponsor
RAND MERCHANT BANK (A division of First Rand Bank Limited)

Date: 26-03-2020 04:25:00
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