CHF 1.885 billion financing of the Hirslanden Group
The Hirslanden Group, the leading private hospital group in Switzerland, has completed a CHF 1.885 billion refinancing. The refinancing package includes property backed bank facilities in an aggregate amount of CHF 1.65 billion and two CHF bonds listed on SIX Swiss Exchange in an aggregate amount of CHF 235 million. It simplifies the existing debt structure, reduces financing costs going forward and diversifies the funding base and maturity dates.
Lenz & Staehelin has advised the Hirslanden Group. The team was headed by partner Marcel Tranchet and included partners Patrick Hünerwadel and Patrick Schleiffer and associates Pascal Genoud, Katarina Dim and Urban Broger and junior associates Sinem Süslü and Patrick Sattler.