NMC Health hires Moelis for debt restructuring

NMC Health hires Moelis for debt restructuring

NMC Health, the UAE healthcare company, has hired Moelis & Co to advise on a debt restructuring, three sources familiar with the matter said on Sunday.. The sources said NMC had hired Moelis in relation to its ability to meet debt obligations.. Britain's Financial Conduct Authority (FCA) said on February 27 it would investigate the finances of NMC Health, whose shares were suspended on the London Stock Exchange last week.. The company's shares have lost more than half of their value since last December when US based short-seller Muddy Waters first questioned its financial statements.. NMC's own review of its finances is being led by former FBI boss Louis Freeh.. Standard Chartered, First Abu Dhabi Bank and HSBC are among the banks that provided debt to the company, the three sources familiar with the situation said.. Moelis did not immediately respond to a request for comment outside working hours.. Spokespeople for HSBC and Standard Chartered declined to comment while First Abu Dhabi Bank did not immediately respond to a request to comment.. In the year that ended December 31, 2018, NMC Health entered a syndicated facility of $2 billion to settle an existing syndicated loan and for acquisition purposes, NMC