UK - LGV completes £255m refinancing of healthcare business Craegmoor

LGV portfolio company Craegmoor Healthcare Group has refinanced its whole business securitisation with a ТЃ255m 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.