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Medical Facilities Corporation Announces Discharge, Termination and Delisting of Debentures
Medical Facilities Corporation Announces Discharge, Termination and Delisting of Debenture...
About this update from Medical Facilities Corporation
[{"type":"text","content":"\n\n\n\nMedical Facilities Corporation Announces Discharge, Termination and Delisting of Debentures\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 2, 2019\n\n\n\nTORONTO, Dec. 2, 2019 /CNW/ - Medical Facilities Corporation (\"Medical Facilities\", \"MFC\" or the \"Corporation\") today announced that it plans to discharge its outstanding 5.9% convertible unsecured subordinated debentures.  The debentures are listed for trading on the Toronto Stock Exchange (the \"TSX\") under the symbol \"DR.DB.A.\" and are scheduled to mature on December 31, 2019.\nThe Corporation intends to discharge the trust indenture governing the debentures, and to immediately terminate the debentures, as of December 31, 2019.  MFC will pay to the holders of debentures as of that date, the principal amount of the debentures, plus the interest payments on the debentures through to the maturity date.  The funds will be deposited with the indenture trustee. The debentures will be de-listed from the TSX on or about December 31, 2019.\nAbout Medical FacilitiesMedical Facilities, in partnership with physicians, owns surgical facilities in the United States. Medical Facilities' portfolio includes controlling interest in five specialty surgical hospitals located in Arkansas, Indiana, Oklahoma, and South Dakota, and an ambulatory surgery center located in California. In addition, through a partnership with NueHealth LLC, Medical Facilities owns controlling interest in seven ambulatory surgery centers located in Arkansas, Michigan, Missouri, Nebraska, Ohio, Oregon, and Pennsylvania. The specialty surgical hospitals perform scheduled surgical, imaging, diagnostic and other procedures, including primary and urgent care, and derive their revenue from the fees charged for the use of their facilities. The ambulatory surgery centers specialize in outpatient surgical procedures, with patient stays of less than 24 hours. For more information, please visit www.medicalfacilitiescorp.ca.\nCaution concerning forward-looking statement...