Nursing home operator and owner Japara Healthcare has signed a three-year syndicated debt facility agreement worth $95 million, which may fund future acquisitions, the company said on Thursday afternoon.
The agreement has been signed with National Australia Bank, Commonwealth Bank of Australia and Australia and New Zealand Banking Group.
The facility, currently undrawn, will allow Japara to use the funds for construction of new developments and extensions, as well as making acquisitions.
Japara raised $450.4m for its highly sought-after IPO earlier this year, and its share price has gained over 15 per cent from its issue price since April.
(Reporting by maggie.lu@businssspectator.com.au)
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Undrawn facility earmarked for new development construction, acquisitions.
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