WELL Health Technologies and RBC Extend Credit Facility to 2027 with Increased Flexibility and Capital Access.

WELL Health Technologies Corp. has extended its senior secured credit facility with Royal Bank of Canada through 2027, with favorable structural enhancements. The facility's total size is now approximately $200 million, with over $70 million of available capacity. The accordion feature has been converted into a revolving credit line, increasing flexibility and access to capital. This expansion reflects the confidence of WELL's banking partners and supports its growth initiatives.

WELL Health Technologies Corp. (TSX: WELL) has announced the extension of its senior secured credit facility with Royal Bank of Canada (RBC) through 2027, with several favorable structural enhancements. The facility, led by RBC and supported by a syndicate of lenders, now stands at approximately $200 million in total size, with over $70 million of available capacity as of the date of this release [1].

Notably, the accordion feature of the facility has been converted into a revolving credit line, increasing both flexibility and access to capital for the company. This expansion reflects the confidence of WELL's banking partners and provides a strong financial foundation to support the company's growth initiatives [1].

The leverage ratio in this facility is expected to be less than 2.5x as of the end of Q2, indicating a healthy balance between debt and equity [1]. This extended facility will allow WELL to continue its growth trajectory, particularly in its Canadian Patient Services segment, which has seen strong organic and inorganic growth [2].

WELL Health Technologies Corp. has also recently provided a corporate update on its Canadian Clinics business, reflecting improved financial guidance and an expanded credit facility. The company has updated its guidance for its Canadian Patient Services segment to over $450 million in revenue and over $60 million in Adjusted EBITDA for fiscal 2025 [2]. Additionally, WELL has successfully closed two acquisition transactions on July 1, 2025, which are expected to contribute over $12 million in annual revenue and approximately $3 million in Adjusted EBITDA [2].

The company's continued focus on digitization and modernization of its primary care clinics is resulting in a significant multi-million-dollar cost optimization initiative designed to improve efficiency and enhance operational excellence across Canada [2]. The cost savings are currently being implemented and will be in place by the end of July 2025 [2].

References:
[1] https://www.marketscreener.com/quote/stock/WELL-HEALTH-TECHNOLOGIES--49479144/news/WELL-Health-Technologies-Corp-and-Royal-Bank-of-Canada-Expand-and-Extend-Credit-Facility-to-2027-50457474/
[2] https://www.businesswire.com/news/home/20250708034263/en/WELL-Health-Provides-Corporate-Update-on-Canadian-Clinics-Business-Reflecting-Improved-Guidance-and-an-Expanded-Credit-Facility