Vivalto Home Belgium successfully issued €100m in debt securities

November 7, 2017

Vivalto Home Belgium successfully issued €100m in debt securities

Vivalto Home Belgium successfully issued €100m in debt securities

Mission Summary

Clairfield Benelux have acted as Financial Advisor to Vivalto Home Belgium in the issuance of €101m in debt securities. Vivalto Home Belgium is an operator of nursing homes in Belgium.

Overview

On November 7 2017, Rivage Investment and Vivalto Home Belgium reached financial close on the financing of €100m in debt securities.

The first tranche (€53m) will be used to refinance the financial leases on seven of their nursing homes. This allows Vivalto Home Belgium to benefit from the favourable interest rate environment.

The remainder of the funds (€47m) will be used to acquire new nursing homes. The debt securities package is obtained under a project finance structure and will be repaid over a period of 30 years, with repayment taking place on the basis of a ‘sculpted’ payment schedule which is commonly used in project financing.

Vivalto Home Belgium is a Brussels based company engaged in providing residential services to elderly citizens.

Rivage Investment is a French alternative portfolio management and advisory firm with expertise in European infrastructure debt, private debt and listed equities. Their main clients are institutional parties such as Pension Funds and Insurers.