Concordia Healthcare to repay $45 million of unsecured bridge loans

By Tali Rackner

Norfolk, Va., Dec. 15 – Concordia Healthcare Corp. said it plans to pay down $11.25 million of its $45 million senior unsecured bridge loan and $33.75 million of its $135 million senior unsecured bridge loan, according to a press release.

The bridge loans were part of the financing for Concordia's recent acquisition of Amdipharm Mercury Ltd., which closed on Oct. 21.

The $45 million unsecured bridge loan and the $135 million unsecured bridge loan have two- and seven-year maturity dates, respectively. Neither can be converted into equity securities.

Concordia Healthcare is an Oakville, Ont.-based health care company.

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