Concordia Healthcare Corp. T.CXR.R

RE:just released - hence the short squeeze we just saw

[CNInvesting]

Well we know that not to be true lol.

YOLO77 wrote: Concordia International Corp. Announces Cross Currency Swap Agreement

08/15/2016 01:15 PM ET

OAKVILLE, ON, Aug. 15, 2016 (Canada NewsWire via COMTEX News Network) -- Concordia International Corp. (the "Company") (NASDAQ: CXRX) (TSX: CXR) - together with its subsidiaries ("Concordia") - an international pharmaceutical company focused on legacy pharmaceutical products and orphan drugs, today announced that it has entered into a cross currency swap agreement (the "Swap Agreement").

As previously disclosed, Concordia was actively evaluating currency hedging alternatives. Concordia believes that the Swap Agreement will further align its British pound-sterling ("GBP") earnings and strong free cash flow with its debt obligations and will moderate the impact of fluctuations in the GBP to U.S. Dollar ("USD") exchange rate.|

The pay fixed GBP / receive fixed USD cross currency swap has a (1)notional amount of USD$382 million and effectively converts this amount of Concordia's USD debt obligations into a GBP obligation in the amount of approximately GBP 297 million. The maturity date of the Swap Agreement is April 15, 2023.

Concordia will continue to monitor its currency risks and hedging strategies.