MPIC

MPIC Raises Php 35.3bn from KKR’s Investment in Hospital Unit

Tuesday, October 15, 2019 - 1:43am

GIC will restructure its current investment in Metro Pacific Hospitals and will re-invest alongside KKR.

Key Points: 
  • GIC will restructure its current investment in Metro Pacific Hospitals and will re-invest alongside KKR.
  • As part of MPIC's wider financing arrangements, the KKR-led consortium will also invest in a Php 30.1 billion (US$ 580.0 million) mandatorily exchangeable bond issued by MPIC.
  • MPIC plans to use the proceeds of this issuance to reduce its bank borrowings.
  • KKR's record of assisting transformational businesses is well known, and our plans for the future of Metro Pacific Hospitals are ambitious."