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FINWIRES

WELL Health Technologies Prices C$150 Million Senior Unsecured Notes Offering

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WELL Health Technologies (WELL.TO) on Monday priced a private-placement offering of C$150 million of senior unsecured notes due 2031, which bear interest at 6.875% per year.

The notes will be issued at par under a trust indenture, it said. Proceeds will be used to refinance its convertible debentures maturing in December and for general corporate needs.

The company expects closing of the offering to occur on or about July 15, subject to certain conditions.

Shares of the company were last seen down about 3% at C$4.28 on the Toronto Stock Exchange.

Price: $4.28, Change: $-0.13, Percent Change: -2.95%

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