IBA Health Group Limited (ASX:IBA)
Sydney, Mar 27, 2009 AEST (ABN Newswire) - IBA Health Group Limited (ASX:IBA)(PINK:IBATF) 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 A$61.9 million follows the successful raising of approximately A$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 938,944,351 ordinary shares.
Contact
Gary Cohen
Executive Chairman & CEO
IBA Health Group Limited
Tel: +61-2-8251-6700
Email: gary.cohen@ibahealth.com
Stuart Kelly
Director Corporate Affairs
IBA Health Group Limited
Tel: +61-2-8251-6769
Mobile: +61-404-082-361
Email: stuart.kelly@ibahealth.com
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