Jardine Matheson Seeks A$1.5 Billion Loan for I-MED Acquisition

1 articles · Updated · Bloomberg · Jun 3

A$1.5 billion in financing is being lined up by Jardine Matheson to back its takeover of Australian diagnostic imaging provider I-MED Radiology Network, according to people familiar with the matter.
The proposed borrowing would be a five-year loan, with talks still at an early stage and terms subject to change.
Pricing is being discussed at a margin in the low 100 basis points over the Bank Bill Swap Yield benchmark.
The deal would expand Jardine Matheson’s portfolio through a push into Australian healthcare services.

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