Brookfield's Healthscope Gets Waiver on $1.1 Billion Loan Pact.

Healthscope Ltd., an Australian hospital operator owned by Brookfield Asset Management, has received a covenant waiver from lenders on a A$1.6 billion ($1.1 billion) loan to allow more time for negotiations with health insurers for higher reimbursements. The waiver, granted until March 2025, aims to prevent a breach of the loan agreement as Healthscope faces challenges with lower earnings. The firm is seeking to restructure the loan due to rising medical costs and difficulties in obtaining higher fees from insurers in Australia. [Extracted from the article]