The financial information in the Prospectus for Healthscope Subordinated Notes II is out of date. For the six months to December 31, 2012, Healthscope posted a net loss of $109.145 million.
According to Healthscope Loan Notes Analysis by Funds Focus, Healthscope has $1.2 billion in Senior debt drawn down which ranks ahead of the Healthscope Notes. Healthscope must repay all of the Senior Debt before it may repay Healthscope Notes (subordinated unsecured notes). Also the Carlyle Group and TPG have contributed equity and loans of $1.5 billion which rank behind the Healthscope notes in terms of security.
You should ask Healthscope when the company paid dividends last time.
HLN
healthscope notes limited
