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HEALIUS LIMITED — Capital/Financing Update 2015
Apr 21, 2015
65058_rns_2015-04-21_c6b6c815-4256-40d3-9fbc-551e4cf10a3a.pdf
Capital/Financing Update
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ASX Announcement
22 April 2015
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ACN 064 530 516 LEVEL 1, 30‐38 SHORT STREET LEICHHARDT NSW 2040 TEL: +61 2 9561 3300 FAX: +61 2 9561 3302
Primary Health Care Limited Syndicated Bank Debt Refinancing
Primary Health Care Limited (“Primary”) advises that it has today completed financial close on the extension and amendment of its A$1.25bn syndicated bank debt facilities.
Primary has two equally‐sized, non‐amortising tranches of $625m each maturing in November 2018 (previously January 2017) and April 2020 (previously November 2018). The refinance has improved financial covenants and moved the facilities to an unsecured basis.
The early refinancing of Primary’s syndicated bank debt is a prudent initiative and extends the company’s debt maturity profile. The improved terms will deliver interest expense savings and provide Primary with greater financial flexibility.
Primary continues to consider a range of alternatives as part of its overall debt management program.
ENDS
For more information please contact: Andrew Duff, Chief Financial Officer +61 2 9561 3301 Alex Smith, Strategy & Investor/Corporate Relations Manager +61 2 9561 3301