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WELL Health Technologies Raises C$150 Million Via Senior Unsecured Notes Offering

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WELL Health Technologies (WELL.TO) closed its private placement offering of C$150 million of 6.875% senior unsecured notes due July 15, 2031, it said in a statement on Wednesday.

Proceeds are expected to fully repay its convertible debentures maturing December 2026 and for general corporate needs.

"With this offering now closed, we have the capital in hand to retire our December 2026 convertible debentures and move forward with a cleaner, more flexible balance sheet," said WELL Health Technologies CEO Hamed Shahbazi.

Shares of the company were last seen unchanged at C$4.21 on the Toronto Stock Exchange.

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