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Ramsay Santé launches €1.75 billion senior debt refinancing
Ramsay Santé has launched a €1.75 billion senior debt refinancing, comprising a €200 million revolving credit facility and a €1.55 billion Term Loan B. The transaction aims to extend senior debt maturities from 2031 to 2033 and refinance a €100 million EuroPP maturing in 2028 and 2029, enhancing the group's long-term financial flexibility. Majority shareholder Ramsay Health Care Limited, which holds 52.79% of Ramsay Santé, announced in February 2026 its intention to distribute its entire stake in kind to its own shareholders, and the refinancing includes a change-of-control clause compatible with that planned distribution. BNP Paribas and Crédit Agricole CIB are acting as global coordinators and joint active bookrunners, with Natixis CIB as joint active bookrunner. Completion remains subject to market conditions.