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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Healthcare
Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Quipt Home Medical Corp > New Press Release - Quipt Home Medical Announces $35 Million Bought Deal Public Offering and Approximate $2 Million Private Placement
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(2031)
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Comment by lscfaon Apr 17, 2023 7:24pm
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Post# 35399448

RE:New Press Release - Quipt Home Medical Announces $35 Million Bought Deal Public Offering and Approximate $2 Million Private Placement

RE:New Press Release - Quipt Home Medical Announces $35 Million Bought Deal Public Offering and Approximate $2 Million Private PlacementIf the debt level is conservative why the hell issue equity at a big discount? CFO is full of BS. At least there is no prepayment penalties.



Jan 3/23 - Quipt to drawdown a total of $73 million from its $110 million senior secured credit facility (announced on September 19, 2022), maintaining a conservative balance sheet with net debt to Adjusted EBITDA of 1.96x on a pro forma basis.











2.05 Prepayments.

(a) Voluntary Prepayments of Loans.

(i) Revolving Loans and Term Loans.

Subject to the limitations set forth in this Section 2.05(a), the Borrowers may, upon notice from the Borrower Representative to the Administrative Agent, at any time or from time to time voluntarily prepay Revolving Loans and the Term Loans in whole or in part without premium or penalty,...
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