UK - LGV completes £255m refinancing of healthcare business Craegmoor
LGV portfolio company Craegmoor Healthcare Group has refinanced its whole business securitisation with a £255m bank facility arranged by the Bank of Scotland. As a part of the refinancing, Craegmoor fully redeemed all the outstanding notes of Craegmoor Funding No. 2 Ltd, the securitisation financing vehicle, including an agreed early redemption premium. The signing of the new facility provides Craegmoor with a strong capital base, substantially reduces its ongoing debt service obligations and provides it with the financial and operational flexibility to move to the next stage of its development.
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