NTC 201610210034A
Voluntary Announcement: BMI Healthcare (UK) contemplates debt refinancing
NETCARE LIMITED
(Registration number 1996/008242/06)
Code: NTC
ISIN: ZAE000011953
("Netcare")
VOLUNTARY ANNOUNCEMENT: BMI HEALTHCARE (UK) CONTEMPLATES DEBT REFINANCING
Further to the announcement on 27 September 2016, Netcare Limited can confirm that its
UK subsidiary, BMI Healthcare, is engaged in discussions to refinance its existing senior debt
facilities. The refinancing is being pursued in contemplation of and in connection with the
proposed rent reduction agreement which may be entered into with its major external
landlord (“PropCo”) in respect of the 35 hospitals leased by BMI Healthcare.
The refinancing is expected to consist of:
(1) a senior term loan facility of up to £285 million;
(2) a revolving credit facility of up to £75 million;
(3) a second lien facility of £66 million.
Both the rent reduction transaction and the refinancing are subject to various approvals
including internal and third party approvals.
Johannesburg
21 October 2016
Sponsor
Deutsche Securities (SA) Proprietary Limited
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