/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, April 11, 2013 /CNW/ - Centric Health Corporation ("Centric Health" or the "Corporation") (TSX:CHH) today announced the pricing of its previously announced offering of senior secured notes ("the Notes"). The Notes will be in an aggregate principal amount of approximately $200 million, will bear interest at a rate of 8.625% per annum and will mature five years from the date of closing of the offering. The offering is expected to close on April 18, 2013.
The Notes are being offered as a public offering in all provinces of Canada other than Quebec, by way of prospectus supplement to Centric Health's short form base shelf prospectus dated October 21, 2011 and as a private placement in the United States pursuant to Rule 144A of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). The Notes are being offered through a syndicate of underwriters led by National Bank Financial and including TD Securities, Scotiabank, Canaccord Genuity Corp. and RBC Dominion Securities Inc.
The net proceeds of the offering will be used to fund the repayment in full of the Corporation's current term facility, the repayment in part of the Corporation's current operating facility and the purchase of a portion of the Preferred Units of LifeMark Health Limited Partnership held by Alaris Income Growth Fund Partnership. The base shelf prospectus has been filed on SEDAR at www.sedar.com.
About Centric Health
Centric Health's vision is to be Canada's premier healthcare company, providing innovative solutions centered on patients and healthcare professionals. As a diversified healthcare company with investments in several niche service areas, Centric Health currently has operations in medical assessments, disability and rehabilitation management, physiotherapy and surgical centres, homecare, specialty pharmacy and wellness and prevention. With knowledge and experience of healthcare delivery in international markets and extensive and trusted relationships with payers, physicians, and government agencies, Centric Health is pursuing expansion opportunities into other healthcare sectors to create value for all stakeholders with an unwavering commitment to the highest quality of care. Centric Health is listed on the TSX under the symbol CHH. For further information, please visit www.centrichealth.ca
This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable Canadian securities legislation. These forward-looking statements include, among others, statements regarding business strategy, plans and other expectations, beliefs, goals, objectives, information and statements about possible future events including the proposed offering of Notes, the use of proceeds therefrom and the proposed amendments to existing senior secured credit facilities. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks, which could cause actual results to vary and in some instances to differ materially from those anticipated by Centric Health and described in the forward-looking statements contained in this press release. No assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do so, what benefits Centric Health will derive therefrom.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration and qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority nor has any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or any prospectus supplement. The securities are not being offered in the United States. Copies of the short form base shelf prospectus and prospectus supplement as filed with securities regulatory authorities in Canada may be obtained from: National Bank Financial, 130 King St. West, 4th Floor, Toronto, Ontario, M5X 1J9, telephone 416-869-8635, email: firstname.lastname@example.org; or www.sedar.com.
SOURCE: Centric Health Corporation
For further information:
Chief Financial Officer
416-815-0700 ext. 257