CareRx Corporation (TSX:CRRX) has announced the successful closing of the comprehensive refinancing transaction with a syndicate of lenders led by a Canadian Schedule I chartered bank and arranged and managed by Crown Private Credit Partners Inc.
The pharmacy services provider said in addition to repaying the outstanding term loan and subordinated debt as previously outlined, concurrent with the closing, the company also redeemed the entire total principal of its March 2019 Convertible Debentures that otherwise were set to mature on March 12, 2024, at par plus accrued interest.