Primary Health Care Ltd
(ASX:PRY) says it has raised $152.3 million through a bond issue that will be listed on the Australian Securities Exchange.
The funds will be used to lengthen the company’s debt maturity and diversify its funding sources.
Primary Health Care had earlier allocated $150 million of bonds to institutional investors and syndicate brokers through a book build process in August.
The additional $2.3 million has been raised from general, shareholder and broker firm offers.
Last month Primary Health Care said the under-funding by government has led to reduced access to GP, Pathology and healthcare services, and while those unable to afford care will have reduced access, those who can pay will increase growth in the industry.
The company says it expects to achieve the lower end of its EBITDA guidance of between $360 to $380 million in fiscal 2011.
Primary Health Care recorded a $134.15 million profit in the 2010 financial year.
