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Primary Health Properties PLC - London-based healthcare facility investor - Refinances existing debt facilities with a new term loan and revolving credit facility totalling £800 million. Says eight banks are involved in the new term loan and revolving credit facility. New facilities are on average 40 basis points cheaper than the existing ones, PHP says. Plans to initially draw £500 million, leaving £300 million of undrawn liquidity headroom. The drawdown will be used to repay other debt. ‘The successful refinancing is an important step on PHP’s journey to becoming a fully unsecured borrower and we are delighted to continue our long-standing relationships with a number of banks as well as engaging new lenders,’ PHP Chief Financial Officer Richard Howell says. Current stock price in London: 94.60 pence, down 1.2% on Wednesday 12-month change: down 5.4% Current stock price in Johannesburg: R 24.18, up 15% 12-month change: down 2.5% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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