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WELL Health USA Announces Successful Refinancing of US $300M Credit Facility with JPMorgan Chase Bank, N.A., Demonstrating a Healthy Balance Sheet and Substantial Room for Growth
WELL Health USA Announces Successful Refinancing of US $300M Credit Facility with JPMorgan Chase ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health USA Announces Successful Refinancing of US $300M Credit Facility with JPMorgan Chase Bank, N.A., Demonstrating a Healthy Balance Sheet and Substantial Room for Growth\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 The newly funded facility continues to be led and managed by JPMorgan Chase Bank, N.A. and includes a primary\n \n $175M\n \n credit facility, with an additional\n \n $125M\n \n accordion for future growth and flexibility and includes two new syndicate members.\n \n \n There were no material changes from the terms of the previous credit facility, exemplifying continued strong financial performance.\n \n \n \n \n \n VANCOUVER\n \n , BC and\n \n ATLANTA\n \n \n ,\n \n \n Jan. 31, 2024\n \n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (OTCQX: WHTCF) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \"), a digital healthcare company focused on positively impacting health outcomes by leveraging technology to empower healthcare practitioners and their patients globally, is pleased to announce it has closed the refinancing of a new credit facility for its subsidiary, WELL Health\n \n USA\n \n led by JPMorgan Chase Bank, N.A.\n \n \n \n \n \n \n \n \n \n \n Jay Kreger\n \n , CEO of WELL\n \n USA\n \n , commented, \"WELL\n \n USA's\n \n recent successful refinancing is a true testament to the strength, resilience, and growth prospects of its business. This arrangement enhances WELL\n \n USA's\n \n financial flexibility, essential for executing its strategic growth plans and maintaining its commitment to financial discipline. It strengthens WELL\n \n USA's\n \n capacity to pursue key investments and acquisitions, aligning with the Company's commitment to empower practitioners and generating long-term shareholder value.\"\n \n \n The newly refinanced credit facility matures in three years and carries a floating interest rate with a base of 175 basis points above SOFR which increases depending on levels of leverage ratio.\n \n \n The new facility is provided by a syndicate led by JPMorgan C...