Brief: Centric health announces early conversion of July 2017 convertible notes and April 2018 convertible loan

CareRx

02/03/2017 12:00

March 2 (Reuters) - Centric Health Corp  CHH.TO  
    * Centric health announces early conversion of July 2017 
convertible notes and April 2018 convertible loan and signs 
indicative term sheet for refinancing of remainder of 
outstanding borrowings 
    * Centric Health Corp says conversion of two debt 
instruments, in aggregate, further reduces Centric Health's 
outstanding debt by $14.08 million 
    * Centric Health Corp says an aggregate of $9.1 million of 
principal was converted into 17.5 million shares of company at 
conversion price of $0.52 per common share 
    * Centric Health Corp says an aggregate of $5 million of 
principal was converted into about 10.9 million common shares of 
co at $0.46 per common share 
    * Centric Health says signed indicative term sheet with 
tier-one Canadian bank for proposed credit facility, would 
enable co to repay remaining outstanding borrowings 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nCNWjbZbla 
Further company coverage:  CHH.TO  
 
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