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WELL Health Technologies Redeems C$70 Million 5.50% Convertible Debentures

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WELL Health Technologies (WELL.TO) redeemed all of its outstanding 5.50% convertible senior unsecured debentures due Dec. 31, it said Thursday.

The debentures' aggregate principal amount was C$70 million.

"The successful closing of our inaugural $150 million senior unsecured notes offering in July gave us the capital to retire these debentures on our terms, well ahead of maturity," said WELL Health chief executive Hamed Shahbazi.

Shares of the company were last seen up 4.2% to C$4.605 on the Toronto Stock Exchange.

Price: $4.62, Change: $+0.20, Percent Change: +4.52%

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