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Centric Health Announces Results and Terms of Offer to Purchase and Cancel Second Lien Senior Secured Notes and Results of Consent Solicitation
Centric Health Announces Results and Terms of Offer to Purchase and Cancel Second Lien Sen...
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[{"type":"text","content":"\n\n\n\nCentric Health Announces Results and Terms of Offer to Purchase and Cancel Second Lien Senior Secured Notes and Results of Consent Solicitation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCentric Health Announces Results and Terms of Offer to Purchase and Cancel Second Lien Senior Secured Notes and Results of Consent Solicitation\nCanada NewsWire\nTORONTO, Feb. 19, 2016\n\n\n\n– Company to Purchase $164.3 Million of Second Lien Senior Secured Notes –\n\n– Company Obtains Consents Necessary to Amend Indenture Under the Terms of Which Remaining Second Lien Secured Notes Remain Outstanding –\n\n\n\nTORONTO, Feb. 19, 2016 /CNW/ - Centric Health Corporation (\"Centric Health\" or \"the Company\") (TSX: CHH) today announced that a principal amount of $164,264,000 in respect of its 8.625% Second Lien Senior Secured Notes (the \"Notes\") has been surrendered for purchase in accordance with the Company's previously announced offer to purchase all of the Notes outstanding as of January 19, 2016, together with accrued and unpaid interest up to but excluding the date of purchase (the \"Offer\").  The value of Notes surrendered represents 86.4% of the total value of the Notes outstanding as of January 19, 2016.\n\nThe Company will, effective February 19, 2016, purchase Notes for a total principal amount of $164,264,000 plus $4,807,963.57 in accrued and unpaid interest up to but excluding the date of purchase, representing an aggregate total of $169,071,963.57. Holders of Notes shall receive payment for their purchased Notes on February 22, 2016. Holders of Notes that are purchased will not receive any future interest payments on such purchased Notes.  Following completion of the Offer, the total remaining principal amount of the Notes outstanding will be $25,894,000.  The remaining Notes outstanding continue to have a maturity date of April 18, 2018 and, beginning April 18, 2017, the Company can, at its discretion, redeem at par all or any part of the Notes.\n\nThe Company also announced...