Auna Finalizes $765 Million Debt Refinancing Deal
Debt Refinancing Announcement: Auna S.A. successfully closed a US$765 million debt refinancing, which includes the issuance of US$365 million in Senior Secured Notes due 2032 and a US$400 million Term Loan, aimed at extending debt maturities and improving liquidity.
Financial Improvements: The refinancing lowers interest expenses and extends the average maturity of Auna's debt, contributing to a target leverage ratio of 3x Net Debt-to-EBITDA, improving from 4.5x at year-end 2023.
Investor Confidence: The transaction received a B+ rating from S&P and Fitch, highlighting its positive impact on Auna's liquidity ratios and short-term debt maturities, and reflects strong support from major banks and institutional investors, including the International Finance Corporation.
Auna's Mission and Operations: Auna is a leading healthcare provider in Latin America, focusing on integrated healthcare services and complex diseases, with a network of 31 facilities and over 1.4 million health plan members as of June 30, 2025.
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EsSalud Receives Construction License for Torre Trecca, Signifying Important Milestone in Auna's Public-Private Partnership with the Organization
Construction License Received: Auna S.A. has received a construction license for Torre Trecca, a high-rise outpatient treatment center in Lima, Peru, which will serve over six million EsSalud-insured Peruvians.
Public-Private Partnership: The project is part of a public-private partnership with EsSalud, initiated in 2010, aimed at modernizing healthcare services in the region.
Expected Impact: Once completed, Torre Trecca is projected to accommodate more than three million visits annually, significantly enhancing healthcare access in Lima.
Forward-Looking Statements: Auna's announcement includes forward-looking statements regarding the project's timeline and capacity, emphasizing potential risks and uncertainties that may affect outcomes.
Honeywell Analyst Adopts Bearish Stance; Check Out Tuesday's Top 4 Downgrades
Analyst Downgrades: JP Morgan's Hanzade Kilickiran downgraded D-MARKET Electronic from Overweight to Neutral, lowering the price target from $4.85 to $3.07, with shares closing at $2.31.
Federal Realty Investment Trust: Barclays analyst Richard Hightower downgraded Federal Realty Investment Trust from Overweight to Equal-Weight, reducing the price target from $113 to $106, while shares closed at $96.00.
Auna SA: JP Morgan's Joseph Giordano downgraded Auna SA from Overweight to Neutral, cutting the price target from $13.5 to $6, with shares closing at $5.00.
Honeywell International Inc: B of A Securities analyst Andrew Obin downgraded Honeywell from Buy to Underperform, slashing the price target from $265 to $205, as shares closed at $196.08.
