SINGAPORE (March 23): Healthway Medical Corporation announced that it has agreed to a revised convertible notes deal with Singapore private equity firm Gateway Partners, following extensive discussions and amendments to the original proposal.

(See also: Healthway Medical mulling financing options from Lippo and GW Active)

Under the revised subscription agreement, Healthway will issue Convertible Notes “B” to Gateway for an aggregate principal amount of $70 million, in two tranches.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook