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WELL Health Arranges C$200 Million Senior Secured Credit Facilities with The Royal Bank of Canada and a Syndicate of Lenders for its Proposed Acquisition of MyHealth
WELL Health Arranges C$200 Million Senior Secured Credit Facilities with The Royal Bank o...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Arranges C$200 Million Senior Secured Credit Facilities with The Royal Bank of Canada and a Syndicate of Lenders for its Proposed Acquisition of MyHealth\n \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 Canada NewsWire\n \n \n \n \n \n In conjunction with WELL's proposed acquisition of MyHealth Partners Inc. (\"\n \n MyHealth\n \n \"), the Royal Bank of\n \n Canada\n \n (\"\n \n RBC\n \n \") along with a syndicate of lenders have provided a commitment for\n \n C$140 million\n \n senior secured credit facilities and an additional\n \n C$60 million\n \n uncommitted accordion feature.\n \n \n This debt financing will be used to fund WELL's proposed acquisition of MyHealth in addition to future acquisitions. The debt is secured exclusively by the assets of MyHealth.\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 8, 2021\n \n /CNW/ -\n \n WELL Health Technologies Corp.\n \n (TSX: WELL) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a company focused on consolidating and modernizing clinical and digital assets within the healthcare sector, is pleased to report that it has obtained a debt financing commitment of\n \n C$140 million\n \n and an additional\n \n C$60 million\n \n uncommitted accordion for further expansion potential, provided by RBC, the Bank of\n \n Montreal\n \n , HSBC Bank Canada, The Toronto-Dominion Bank, ICICI Bank Canada and Laurentian Bank of\n \n Canada\n \n (collectively the \"\n \n Lenders\n \n \") in support of its proposed acquisition of MyHealth Partners Inc. (\"\n \n MyHealth\n \n \"). RBC acted as the Lead Arranger, Sole Bookrunner, and Administrative Agent on the financing.\n \n \n \n \n \n \n \n \n \n \n Hamed Shahbazi\n \n , Chairman and CEO of WELL commented, \"We are grateful for the support we are receiving from RBC and the impressive list of leading banks that are participating in the lending syndicate.  We believe this support is not only reflective of their confidence in the proposed acquisition of MyHealth, but also in the acquistive growth potential of MyHealth once the acquisit...