WELL Health Technologies, a digital healthcare company, closed the refinancing of a new credit facility for its subsidiary, WELL Health USA led by JPMorgan Chase Bank.
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.
- The newly funded facility continues to be led and managed by JPMorgan Chase Bank and includes a primary $175M credit facility, with an additional $125M accordion for future growth and flexibility and includes two new syndicate members.
- There were no material changes from the terms of the previous credit facility, exemplifying continued strong financial performance.
The new facility is provided by a syndicate led by JPMorgan Chase Bank and includes CIBC, HSBC Canada, The Bank of Nova Scotia, and two new syndicate members: The Bank of Montreal and The Export Development Corporation, which is wholly owned by the Government of Canada.