TSX:EXEHealthcare
A Look At Extendicare (TSX:EXE) Valuation After Its $450 Million Debt Refinancing Deal
What Extendicare’s New Debt Deal Means for Shareholders
Extendicare (TSX:EXE) recently priced a $450 million offering of 4.345% senior unsecured notes due 2031, with plans to fully repay its term credit facility and other existing debt.
The company expects this refinancing to lower its cost of capital and increase financial flexibility, which it states would position it to pursue additional scale in Canada’s fragmented seniors care sector.
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