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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: 154.767 GBX

LSE:PHP
Market: LSE
Market Cap: £1.88 billion
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Primary Health Properties says pipeline in Ireland remains very strong as it...

Primary Health Properties PLC’s (LON:PHP) boss Harry Hyman says it has plenty of cash for acquisitions after snapping up its 17th site in Ireland. The €18mln project is a primary care centre in Arklow, just south of Dublin and will be purpose-built to meet recently introduced nearly zero-energy...

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