But there are additional risks arising from the refinancing

2.32 The effect of the refinancing on the Trust should not be considered just in terms of the share of refinancing gains, which the Trust expects to receive. The refinancing also creates additional risks for both the Trust and the NHS.

More Information

The Trust could face significantly increased termination liabilities but expects the refinancing with this additional risk to provide value for money
The large early benefits which THC Dartford's shareholders have received could reduce the incentives on THC Dartford to perform well over the rest of the contract period
There were also costs to the Trust in dealing with the refinancing
The Treasury has emphasised to departments the key features of its refinancing guidance in the light of early refinancing experience