Australia
A A$146 million multi-tranche credit facility for Genesis Care has been sealed via ANZ, Bank of Scotland, National Australia Bank and Westpac on a club basis.
The three-year stapled financing is divided into A$63 million, A$45 million and A$30 million term loans and an A$8 million revolving credit.
The leads each provided A$37 million. Proceeds are to support Advent Equity Partners' acquisition of a 30% stake in Genesis formerly known as Heart Care Group from I-Med formerly known as the DCA Group Network, which is owned by CVC Capital Partners.
TRUenergy's A$350 million three-year loan has been launched into syndication via mandated lead arrangers and bookrunners National Australia Bank, Royal Bank...