Jardine Matheson (SGX:J36) is looking to secure a five-year loan of about AU$1.5 billion to finance the takeover of I-Med Radiology Network, an Australian medical diagnostic imaging provider, Bloomberg News reported on Wednesday, citing people familiar with the matter.

The loan could carry an interest margin of around a 100 basis points range over the benchmark Bank Bill Swap Yield, the people told the news outlet. However, the loan discussions are still in the early stages and details could still change, according to the people.

A Jardine representative declined to comment, Bloomberg said.

The Singapore-listed conglomerate agreed to acquire I-Med for AU$3.4 billion from private equity firm Permira. Under the deal, Jardine will also acquire a minority stake in radiology AI solutions firm, Harrison.ai, the report added.

I-Med owns more than 250 clinics across Australia and was acquired by Permira from EQT AB for around $1.3 billion in 2018, the report noted.

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