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CML HealthCare Completes Refinancing of Credit Facility |
February 29, 2012
MISSISSAUGA, ONTARIO--(Marketwire - Feb. 29, 2012) - CML HealthCare Inc. ("CML") (TSX:CLC) today announced it has entered into a 5 year, $400 million senior unsecured revolving credit facility (the "New Facility"), with a syndicate of financial institutions led by TD Securities. The New Facility, which matures on February 28, 2017, replaces CML's previous $373.0 million credit facility that was to mature on February 22, 2013. Borrowings under the facility are priced off a leverage grid with a range of BAs plus 100 to 200 basis points, with the initial pricing, based on CML's leverage profile, set at BAs plus 150 basis points.
http://www.marketwire.com/mw/release.do?id=1626454&sourceType=3
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