By Laura Lutz
Des Moines, Dec. 13 - Chindex International, Inc. arranged a $10 million private placement of stock, according to an 8-K filing with the Securities and Exchange Commission.
International Finance Corp. agreed to buy 359,195 shares at $27.84 apiece, the 8-K said.
Chindex also secured a $25 million loan from the International Finance. The 9.25-year loan will initially bear interest at a base rate plus 275 basis points. That spread will be reduced to 250 bps and to 200 bps upon the satisfaction of certain conditions.
Proceeds will be used for the company's plan to expand its network of private hospitals and clinics in China.
Chindex is a health care company based in Bethesda, Md.
| Issuer: | Chindex International, Inc.
|
| Issue: | Stock
|
| Amount: | $10 million
|
| Shares: | 359,195
|
| Price: | $27.84
|
| Warrants: | No
|
| Investor: | International Finance Corp.
|
| Pricing date: | Dec. 10
|
| Stock symbol: | Nasdaq: CHDX
|
| Stock price: | $34.24 at close Dec. 10
|
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