Parkway's cash flow enough to service debt

Khanazah's IHHL has issued S$1.8bil to part-finance deal to buy S$3.4bln shares in Parkway.

There are sufficient free cash flows from Parkway Holdings Ltd to service the debt that has been taken up to finance its takeover by Khazanah Nasional Bhd, bankers familiar with the deal explained.

The debt servicing will also not impinge on Parkway’s capital expenditure plans, the bankers said.

Integrated Healthcare Holdings Ltd (IHHL), the wholly-owned unit of Khazanah that is taking over Parkway, recently issued S$1.8bil in short-term debt to part-finance the deal.

To recap, IHHL is buying all the shares in Parkway it does not own at S$3.95 a piece, which works out to a whopping S$3.4bil.The acquisition is being funded equally by debt and equity.

For its equity portion, Khazanah raised S$1.5bil through a sukuk issuance in Singapore.

View the full story in the Malaysian Star.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia