05 Mar 2013

Clayton Utz advises JLMs on $150 million Healthscope Notes II Offer

Melbourne, 5 March 2013: Clayton Utz has advised the Joint Lead Managers ("JLMs") on the offer by integrated healthcare provider Healthscope of Subordinated Notes ("Notes II Offer") to raise approximately $150 million, announced to the market yesterday.

Clayton Utz Melbourne Equity Capital Markets partner Brendan Groves led the firm's team, which included senior associate Elissa Tobin and lawyer Peter Hamblin, in advising the JLMs, comprising: Macquarie, Credit Suisse, UBS, ANZ, CBA, NAB and Westpac.

The Notes II Offer is part of Healthscope's capital management strategy, with proceeds raised to be used to repay some of the Healthscope Group's Senior Debt.

The Equity Capital Markets team at Clayton Utz in Melbourne has secured a number of recent mandates amid signs of a positive upswing in capital markets activity heading into the second half of FY13.

A Clayton Utz team led by Mr Groves recently advised Australian based resources company Tigers Realm Coal Limited in respect of its $21.2 million Placement of 106 million shares at $0.20 per share, which successfully completed on 22 February 2013. Proceeds of approximately $16.4 million from the Placement will be applied towards funding further drilling and technical studies at Tigers Realm Coal's Amaam coking coal project in far eastern Russia.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.