UAE’s largest healthcare provider scoops Leveraged Finance Deal of the Year
NMC Healthcare was awarded the prestigious Leveraged Finance Deal of the Year at Bonds, Loans & Sukuk Awards which took place last week.
Organised by GFC Group, Bonds, Loans & Sukuk Awards, Middle East, the region’s largest finance and investment conference recognises excellence and outstanding achievement to issuers, borrowers and market professionals for their work on landmark transactions.
The Leveraged Finance Deal of the Year award was presented to NMC Healthcare CFO, Mr Prashanth Shenoy for the group’s syndicated multi-loan which was signed off in March 2018.
The US$2,000,000,000 syndicated loan was utilised to refinance some existing debts as well as to support the group’s growth strategy in making accretive acquisitions.
Speaking about the award-win, Prasanth Manghat, CEO and Executive Director NMC said: “We’re absolutely thrilled to receive this award which serves as a testament to the standards of professionalism under which we operate at NMC. This accolade is also proof that, with the right partners and the right structures in place, NMC has the potential to scale new heights through acquisitions and consolidations.”
Mr Manghat, who can be credited with spearheading the successful listing of NMC Healthcare in the premium segment of the London Stock Exchange, added: “Such recognition is a clear sign of how we do things properly at NMC, which will undoubtedly inspire even more confidence in our shareholders.”
Upon accepting the award Mr Shenoy stated: “We are honoured to be recognised for our achievements by a jury of some of the world’s most influential international investors from leading banking and finance institutions. The award serves to highlight the hard work and unfailing commitment of the NMC Healthcare team and our partners.”
Today, private healthcare operator NMC Healthcare offers international services across 17 countries.