REG - Spire Healthcare Grp - Re-financing of funding facilities

Spire HealthcareAnnouncement

25/02/2022 07:00

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RNS Number : 7794C  Spire Healthcare Group PLC  25 February 2022

Spire Healthcare Group plc

 

("Spire Healthcare", "the Company" or "the Group")

 

Re-financing of funding facilities

 

25 February 2022

 

Spire Healthcare Group plc (LSE: SPI), a leading UK independent hospital
group, announces that it has re-financed the Group's existing bank funding
facilities, which previously comprised a Senior Loan Facility of £425m and an
undrawn Revolving Credit Facility ("RCF") for £100m. These facilities were
due to expire in July 2023. As part of this process, the Group has taken this
opportunity to pay down £100m of the Senior Loan Facility. The new
arrangement, provided by a supportive group of nine relationship banks,
comprises a Senior Loan Facility of £325m and an undrawn RCF of £100m until
February 2026 (with an option to extend one year). The covenants are
unchanged.

 

The new facilities include a sustainability-linked element linked to
environmental and quality factors, the first of its kind amongst UK
independent hospital providers.

 

- Ends -

 

For further information please contact:

 

Spire Healthcare

Angus Prentice - Interim Head of Investor Relations        +44 (0)7974
982 512

 

Instinctif Partners

Damian
Reece
+44 (0)7931 598 593

Guy
Scarborough
+44 (0)7917 178 920

Jeremy
Durrant
            +44 (0)7792 918 648

 

Registered Office and Head Office:

 

Spire Healthcare Group plc

3 Dorset Rise

London

EC4Y 8EN

Registered number 09084066

 

About Spire Healthcare

 

Spire Healthcare is a leading independent hospital group in the United
Kingdom, with 40 private hospitals and eight clinics across England, Wales and
Scotland.

 

Working in partnership with around 8,150 experienced consultants, Spire
Healthcare delivered tailored, personalised care to almost 870,000 in-patients
and daycase patients in 2021, and is the leading private provider, by volume,
of knee and hip operations in the United Kingdom.

 

The Group's well-located and scalable hospitals have delivered successful and
award-winning clinical outcomes, positioning the Group well with patients,
consultants, the NHS, GPs and Private Medical Insurance ("PMI") providers. 95%
of Spire Healthcare's hospitals are rated 'Good' or 'Outstanding' by the CQC
(or the equivalent in Scotland and Wales).

 

Spire Healthcare treats patients through a variety of routes including PMI,
Self-pay and the NHS, providing the Group with diversified access to the
expected growth opportunities in the UK healthcare market, which faces
significant supply challenges as a result of NHS budget constraints and
increasing demand from a growing population with longer life expectancy.

 

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