Deals
NMC Creditors Are Forming a Committee for $6.6 Billion Debt Talks
- Group will include three U.K. banks and three U.A.E. lenders
- NMC was placed in administration last week at ADCB’s request
Ambulances sit outside the NMC Speciality Hospital, operated by NMC Health Plc, in Dubai.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
The main lenders to embattled NMC Health Plc are setting up a coordinating committee, taking a major step toward restructuring the hospital operator’s $6.6 billion debt, according to people with knowledge of the matter.
HSBC Holdings Plc, Barclays Plc and Standard Chartered Plc will join Abu Dhabi Commercial Bank PJSC, Dubai Islamic Bank PJSC and Abu Dhabi Islamic Bank PJSC to lead the debt talks with representatives for NMC, the people said, asking not to be named because the discussions are private. The company was placed in administration last week.