IBA Health in the news
IBA Repays $61.9 million of Debt Owed to AEP
27 Mar 2009
Sydney – Friday, 27 March 2009 – IBA Health Group Limited (ASX: IBA) –Australia's largest listed health information technology company today paid all of the Term Equity Bridge Loan and interest owed to AEP Financial Services Holdings Ltd. (AEP).
The repayment of the subordinated secured borrowings plus accrued interest totalling $61.9 millionfollows the successful raising of approximately $82 million from the institutional component of IBA’s accelerated non-renounceable pro-rata entitlement offer on March 13.
Executive Chairman and CEO, Gary Cohen, said: “The repayment to AEP removes the most expensive component of our borrowings, and goes a long way to strengthen our balance sheet and boost earnings per share. We look forward to receiving further strong support from the retail component of the offering, which is currently underway.”
IBA today allotted 151,848,336 ordinary shares pursuant to the institutional component to the rights offer, increasing its total issued capital to 938,944,351ordinary shares.
End of release
Gary Cohen
Executive Chairman & CEO
IBA Health Group Limited
Phone: +61 (0) 2 8251 6700
Email: gary.cohen@ibahealth.com
Stuart Kelly
Director Corporate Affairs
IBA Health Group Limited
Phone: +61 (0) 2 8251 6769
Mobile: +61 (0) 404 082 361
Email: stuart.kelly@ibahealth.com
