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Primary Health Properties PLC

Primary Health Props 'delighted' with terms of new £150mln loan following MedicX merger

Primary Health Properties PLC's (LON:PHP) Harry Hyman and Richard Howell recap on the 'transformational' MedicX deal and what it's meant for the group's enlarged portfolio.

Hyman says a lot of focus has been on integrating the two businesses, which is going to plan, and to deliver the financial benefits identified at the time of the transaction.

PHP’s also just closed on a new £150mln convertible bond.

''The coupon of 2.875% reflects the confidence with which the enlarged group is viewed by the capital markets'', Hyman says.

Quick facts: Primary Health Properties PLC

Price: £1.37

Market: LSE
Market Cap: £1.56 billion
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Primary Health Properties to 'continue generating strong returns'

Capital Network analyst Ed Stacey reckons the conditions remain in place for Primary Health Properties PLC (LON:PHP) to continue generating strong returns in the next few years and to continue its unbroken run of dividend increases. PHP is a real estate investment trust (REIT) that...

on 11/6/19

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