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HBSC advised on $1.5bn loan facility for Ramsay Health Care
Global law firm Baker McKenzie has advised HSBC on the $1.5 billion multi-currency syndicated sustainability linked loan facility for Ramsay Health Care.
Emma Musgrave
Firms: Baker McKenzie (HSBC); King & Wood Mallesons (Ramsay Health Care).
Value: $1.5 billion.
Area: Finance, corporate.
Key players: Baker McKenzie partner Alastair Gourlay led the team advising HSBC. He was assisted by Australian-based Miles Hurst, Adam Jeffrey, Emily Tsoi and Shakti Srikanth, along with London-based lawyers Matthew Smith, Lola Oni and Holly Bradley.
Deal significance: Commenting on the transaction, Bakers’ Mr Gourlay stated: “The financing was oversubscribed and was supported by a wide range of Australian, Asian, European and North American lenders, which is testament to the ever growing lender interest in financing sustainability linked loans”.
“We have seen a significant uptick in sustainability linked loans in the past 18 months.
“Where previously CEOs, CFOs and Boards would ask ‘why should I do a sustainability linked loan?’, that question now needs to be ‘why am I not doing a sustainability linked loan?’ given the ever increasing spotlight that institutional investors are putting on ESG targets as well as the credit and reputational enhancements that corporates are achieving by putting in place sustainability linked loans.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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