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| Home : Rennova Health, Inc. Announces $15,794,500 Private Placement of Convertible Notes and Repayment or Restructuring of Existing Debt |
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Mar 17
2017 |
Rennova Health, Inc. Announces $15,794,500 Private Placement of Convertible Notes and Repayment or Restructuring of Existing Debt |
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WEST PALM BEACH, FL--(Marketwired - March 16, 2017) - Rennova Health, Inc. (NASDAQ: RNVA) (NASDAQ: RNVAZ), a leader in diagnostic and supportive software solutions for healthcare companies, today announced it has entered into definitive agreements with existing institutional investors to purchase $15,794,500 of original issue discount amortizing convertible debentures. The Company expects that the proceeds from the offering will be used to repay certain short term debts and liabilities and for continued investment in its hospital and other projects. The offering is expected to close on or before March 20, 2017, subject to customary closing conditions. In connection with the closing of the offering, the Company's indebtedness to a Director, Chris Diamantis, will be repaid and indebtedness to TCA Global Credit Master Fund, LP will be partially retired with the balance restructured over another six months. |
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| Source:http://www.marketwired.com/mw/release.do?id=2203418&sourceType=3 |
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