June 15 (Reuters) - Healius Ltd (HLS) :
- SALE OF MEDICAL CENTRES FOR $500 MILLION
- ENTERED BINDING AGREEMENT TO SELL HEALIUS PRIMARY CARE BUSINESS TO FUNDS MANAGED BY BGH CAPITAL
- WILL RETAIN DAY HOSPITALS AND IVF WHICH CURRENTLY SIT WITHIN ITS MEDICAL CENTRES DIVISION.
- UP TO $75 MILLION OF PROCEEDS MAY BE DEFERRED IF EARNINGS OF DENTAL CLINICS HAVE NOT RETURNED TO PRE-COVID-19 LEVELS WHN DEAL CLOSES
- ON COMPLETION OF DEAL, EXPECTS TO RECEIVE CASH PROCEEDS OF ABOUT $470 MILLION
- SUCCESSFULLY SIGNED REFINANCE OF ITS SYNDICATED BANK DEBT FACILITY OF $500 MILLION WHICH WAS DUE TO MATURE IN JANUARY 2021
- COMPLETION OF TRANSACTION EXPECTED BEFORE END OF 2020
- WILL PROVIDE HEALIUS PRIMARY CARE CERTAIN SERVICES ON COMMERCIAL, ARM'S-LENGTH TERMS FOR 12 MONTHS FOLLOWING COMPLETION
- WILL BE LOOKING TO RESET ITS COST BASE BY ENTRENCHING A NUMBER OF SHORT-TERM COST REDUCTIONS
- SYNDICATED BANK DEBT FACILITY INCREASED BY $70 MILLION TO $570 MILLION, MATURITY EXTENDED TO JAN 2024
Source text https://reut.rs/3d1PEt1
(([email protected];))
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Last
78.5¢ |
Change
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Mkt cap ! $570.0M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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