STOCKHOLM, Dec. 20, 2021 /PRNewswire/ -- Medicover has
successfully carried out its second Schuldschein issue (a German
private placement debt instrument) under its newly established
Social Financing Framework, with a total of EUR 277 million in Euro-denominated tranches with
maturities of 5.5, 7.5 and 10 years, at fixed and floating rates.
The issue was upscaled from the initially offered EUR 100
million due to strong demand from investors. This transaction
represents the largest social financing Schuldschein.
With this transaction, Medicover was able to diversify its
sources of financing and also attract returning as well as new
investors. Participation was a mixture of German domestic banks,
insurers, and fund managers. Demand across all tranches was high,
reflecting the company's good financial standing and interest in
social financing investments. The Medicover's Social Financing
Framework is a use of proceeds structure with a second party
opinion issued by DNV GL. The use of proceeds shall contribute to
the World Bank's Universal Health Coverage goals, ensuring that
people have access to essential health care services.
Medicover further strengthen liquidity and make use of
attractive market conditions with margins of 0.9%, 1.1% and 1.3%
for both the fixed and floating rate tranches, in 5.5, 7.5 and 10
years, respectively.
Landesbank Hessen-Thüringen Girozentrale (Helaba), ING Bank, a
branch of ING-DiBa AG, and Skandinaviska Enskilda Banken AB (publ)
(SEB), Frankfurt Branch acted as
joint arrangers on the deal and SEB as sole social structuring
advisor.
For further information, please contact:
Hanna Bjellquist, Head of Investor
Relations
+46 703 033 272
hanna.bjellquist@medicover.com
Medicover is a leading international healthcare and
diagnostic services company and was founded in 1995. Medicover
operates a large number of ambulatory clinics, hospitals,
specialty-care facilities,laboratories and blood-drawing
points and the largest markets are Poland and Germany. In 2020, Medicover had revenue of
EUR 998 million and more than 32,000
employees. For more information, go to www.medicover.com
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https://mb.cision.com/Main/15662/3475272/1512623.pdf
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Medicover raises 277
MEUR
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