Target Entity: TruBridge, Inc.
Type of Deal: Acquisition through merger of IKS Next Horizon, Inc. with TruBridge, Inc. pursuant to a plan of merger under Delaware law
Deal Value: Financing facilities reduced from USD 670,000,000 to USD 635,000,000
Funding Source: Debt financing through facilities agreement from certain lenders
Additional Security Package:
The Board has approved provision of additional security interests in favour of lenders:
- Security over substantially all assets of Healthcare Resource Group, Inc. (HRG Inc.) - requires shareholder approval by special resolution
- Pledge/security over entire ownership interest of Target in HRG Inc. - requires shareholder approval by special resolution
- Corporate guarantee(s) by HRG Inc. for aggregate principal amounts of Updated Facilities
- Security interests over inter-company debts due to Company from Inventurus Knowledge Solutions, Inc., IKS Cares Foundation, and Arai Solutions Private Limited (excluding general trade receivables)
- Non-disposal undertakings by Aquity Solutions India Private Limited and Aquity Holding Inc., and by TruBridge Healthcare Private Limited and Trubridge Inc.