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JPMorgan Chase Leads $300MM Credit Facility Refinancing for WELL Health USA Technologies

January 31, 2024, 07:56 AM
Filed Under: Healthcare

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.

 







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