Ramsay Santé Initiates €1.75 Billion Senior Debt Refinancing

Ramsay Santé has launched a significant €1.75 billion refinancing effort for its senior debt. This package includes a €200 million revolving credit facility and a €1.55 billion Term Loan B. The primary aim is to enhance financial flexibility and ensure a stable long-term financing structure. The plan extends debt maturities from 2031 to 2033, while simultaneously refinancing €100 million in Euro PP notes due in 2028 and 2029. This move is set to streamline the capital structure, allowing Ramsay Santé to focus on long-term goals.

In a related development, Ramsay Health Care Limited, the majority shareholder, plans to distribute its shares in Ramsay Santé to its own shareholders by the end of 2026, contingent on approvals. This announcement, combined with favorable market conditions, prompted Ramsay Santé to pre-emptively launch the refinancing. The process is coordinated by BNP Paribas and Crédit Agricole CIB, with Natixis CIB as a joint active bookrunner, though it remains subject to market conditions.