Catholic not-for-profit Calvary Health Care is understood to have lined up a new $500 million-plus debt facility to help bankroll its bid for ASX-listed Japara Healthcare and fund its wider business.
Lender sources told Street Talk that big Australian banks ANZ Banking Group, National Australia Bank and Westpac Banking Corp had agreed to tip into the new debt syndicate, which was arranged concurrent with its Japara bid by adviser Jefferies.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
