Montréal, Québec – August 30, 2021

Premier Health of America Inc., announces it has negotiated the provision of two senior secured credit facilities by Royal Bank of Canada (“RBC”) for a total amount of up to C$27,00,000 (each a “Credit Facility”).

The first Credit Facility is a C$25,000,000 committed senior secured revolving facility maturing 3 years from the closing date. The terms include a C$10M accordion feature that enables the Corporation to request increases in the total commitment by an aggregate amount of up to C$10M, subject to RBC’s approval. The purpose of the facility is to refinance existing debt of approximately C$8.8M and for general corporate purposes, including future acquisitions. The second Credit Facility is a C$2,000,000 uncommitted revolving lease line to finance equipment including rolling stock.

Read more in our press release...