Daily News: April 19, 2013

National Bank Arranges Centric Health Refinancing


Centric Health announced that in connection with the closing of a notes offering, the company has refinanced its existing debt facilities, including the repayment in full of its four-year committed term facility and the amendment of its existing revolving facility.

Centric said the revolver has been amended to a maximum amount of $50 million, arranged through a syndicate of lenders led by National Bank Financial and including TD Securities, Scotiabank, ATB Financial and Bank of Montreal.

The company said the proceeds of the revolver are available to the company to fund working capital, general corporate purposes and permitted acquisitions.

The notes were offered through a syndicate of underwriters led by National Bank Financial and including TD Securities, Scotiabank, Canaccord Genuity and RBC Dominion Securities.