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Georgia Capital PLC - Tbilisi, Georgia-based investor in businesses in Georgia - Georgia Healthcare Group and its wholly owned subsidiary JSC Evex Hospitals sign a $35 million, five-year financing package with European Bank for Reconstruction & Development. Says Georgia Healthcare has signed a $25 million loan agreement, which includes two tranches of $10 million and $15 million. Says Evex has signed a $10 million tranche, which will allow it to upgrade 15 hospitals and purchase medical equipment. It will also partly refinance recently matured private local bonds.
Georgia Capital Chair & Chief Executive Irakli Gilauri comments: ‘The recently signed deals will contribute to the enhancement of the Georgian healthcare infrastructure. I would like to thank EBRD, our established partner, who has been supporting Georgia Capital in improving the future of our community by building sustainable businesses of tomorrow, and look forward to working on other exciting projects in the future.’
Current stock price: 683.00 pence, up 0.4% on Tuesday morning in London
12-month change: up 15%
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