March 24, 2020 / 10:08 AM / 9 days ago

NMC says debt rises to $6.6 bln; names chief restructuring officer

March 24 (Reuters) - Troubled UAE hospital operation NMC Health said on Tuesday it had debt of $6.6 billion, much higher than earlier estimates, and it appointed a former PwC partner as chief restructuring officer to tackle the problem.

The company, which has been in crisis since U.S. firm Muddy Waters' short attack, revised its debt position from $5 billion earlier in March, and named Matthew J. Wilde as chief restructuring officer. (reut.rs/2WLiQQF) (Reporting by Muvija M in Bengaluru and Saeed Azhar in Dubai; Editing by Bernard Orr)

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