Bain Capital Credit and UBS Group AG are providing a combined AUD540m ($382m) loan to Australian healthcare equipment supplier Aidacare, according to a report by Bloomberg citing people familiar with the matter.
The six-year facility will reportedly be used to refinance existing debt and fund a dividend payment to Aidacare’s owner, Quadrant Private Equity. The financing carries a margin of around 500 basis points over the local Bank Bill Swap Bid Rate, with UBS expected to syndicate part of its...
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