NOTES TO THE FINANCIAL STATEMENTS
CAPITAL – FINANCING
RAMSAY HEALTH CARE LIMITED
8 Net debt (Continued)
8.b Loans and Borrowings
This note outlines the Group's loans and borrowings, which are predominantly from banks and other financial institutions, with
Secured bank loans:
€ Bi-lateral Facilities1 Up to Jun 2031 51.7 32.3
Total current loans and borrowings 51.7 32.3
Unsecured bank and other financial institution loans:
A$ 1,500,000,000 Syndicated Facility Loan2 Up to Jul 2026 1,195.4 -
A$ 800,000,000 Syndicated Facility Loan3 Dec 2023 716.5 -
A$ 125,000,000 Bi-lateral Term Loan4 Oct 2024 - 123.4
A$ 200,000,000 Bi-lateral Term Loan5 Oct 2024 199.6 197.4
£ 395,000,000 Syndicated Facility Loan6 Nov 2022 - 289.3
€ 225,000,000 Syndicated Facility Loan7 Nov 2022 - 288.0
€ 300,000,000 Syndicated Facility Loan3 Oct 2024 474.3 488.4
Secured bank loans:
€ 1,650,000,000 Syndicated Term Loan8 Up to Apr
2027 2,277.2 -
€ 1,725,000,000 Syndicated Term Loan9 Up to Oct
2024 - 2,561.2
€ Bi-lateral Facilities1 Up to Jun 2031 366.0 247.8
Total non-current loans and borrowings 5,229.0 4,195.5
Total loans and borrowings 5,280.7 4,227.8
1 Euro bi-lateral facilities are secured by a first charge over certain Ramsay Santé and controlled entities’ land and buildings. These loans are repayable in instalments over the term of
2 Sustainability linked syndicated revolving bank debt facility with equal tranches mature over 3 year, 4 year and 5 year.
3 Syndicated revolving bank debt facility.
4 Bi-lateral term loan facility repaid in full on 16 Dec 2020 and was orginally repayable in Oct 2024.
5 Bi-lateral term loan facility and repayable in full on maturity.
6 Syndicated revolving bank debt facility was terminated in Jun 2021. It had the original maturity date of 22 Nov 2022.
7 Syndicated revolving bank debt facility terminated in Jun 2021. It had the original maturity date of 22 Nov 2022.
8 Sustainability linked syndicated term loan facilities repayable in full on maturity.
9 Syndicated term loan facilities repayable in full on maturity. This facility has been cancelled in April 2021.
RAMSAY AND ITS WHOLLY OWNED SUBSIDIARIES
Ramsay Funding Group’s syndicated debt facility agreements and bi lateral debt facilities were partially refinanced with a sustainability linked
syndicated revolving debt facility on 24 June 2021. The covenant package, group guarantees and other common terms and conditions in
respect of the debt facilities are governed under a Common Terms Deed Poll (CTDP).
RAMSAY SANTÉ AND CONTROLLED ENTITIES
Ramsay Santé and controlled entities’ senior debt facility agreements were fully refinanced with sustainability linked syndicated term loan
facilities on 22 April 2021. The Group Increased its borrowings under bi lateral debt facilities by €98,190,000 during the reporting period.
The lenders to these debt facilities only have recourse to Ramsay Santé and certain Ramsay Santé controlled entities. The debt facilities are
secured by first ranking pledges over certain material companies of Ramsay Santé, granted only by Ramsay Santé and certain Ramsay Santé
controlled entities. Guarantees have also been provided and are provided only by Ramsay Santé controlled entities.
84 Annual Report 2021