Cedara Software Corp. Enters Into $29.75 Million Credit Facility
08 Outubro 2004 - 3:30PM
PR Newswire (US)
Cedara Software Corp. Enters Into $29.75 Million Credit Facility
TORONTO, Oct. 8 /PRNewswire-FirstCall/ -- Cedara Software Corp.
(TSX:CDE/NASDAQ:CDSW) announced today that it has entered into a
Cdn$29.75 million credit facility with the Royal Bank of Canada
(RBC) where Cedara has become the newest client of RBC's Knowledge
Based Industries Group. Under the credit facility, RBC's Knowledge
Based Industries Group will provide a term facility of up to
Cdn$22.5 million to allow Cedara to finance part of the previously
announced acquisition of all of the issued and outstanding shares
of eMed Technologies Corporation. The credit facility also includes
a revolving credit facility, a corporate VISA facility and a
foreign exchange credit facility in an aggregate amount of up to
Cdn$7.25 million for purposes of financing Cedara's general
operating requirements, office and travel expenses, and
facilitating foreign exchange transactions. "We are delighted to be
working with RBC's Knowledge Based Industries Group," said Brian
Pedlar, Chief Financial Officer of Cedara Software Corp. "The KBI
Group at RBC understands the needs of companies like Cedara and was
able to structure a credit facility to meet Cedara's operational,
international and expansion needs in a manner that makes economic
sense. The experience, knowledge and flexibility of the KBI group,
coupled with RBC's world wide service offering provides a powerful
financial partner for Cedara as we expand and grow our business
channels." "RBC's Knowledge Based Industries Group is pleased to
add Cedara to our growing portfolio of information and
knowledge-based clients," said Mark Usher, Sales and Market Manager
- GTA, RBC's Knowledge Based Industries Group. "We feel our KBI
group is ideally suited to meeting the financing and ongoing
banking needs of companies like Cedara as they expand their
business." For more information about Cedara, visit the Cedara
website at http://www.cedara.com/. About Cedara Software: Cedara
Software Corp. is a leading independent provider of medical
technologies for many of the world's leading medical device and
healthcare information technology companies. Cedara software is
deployed in hospitals and clinics worldwide -- approximately 20,000
medical imaging systems and 4,600 Picture Archiving and
Communications System (PACS) workstations have been licensed to
date. Cedara is enabling the future of the healthcare industry with
new innovative approaches to workflow, data and image management,
integration, the web, software components and professional
services. The Company's medical imaging solutions are used in all
aspects of clinical workflow including the capture of patient
digital images; the sharing and archiving of images; sophisticated
tools to analyze and manipulate images; and even the use of imaging
in surgery. Cedara is unique in that it has expertise and
technologies that span all the major digital imaging modalities
including angiography, computed tomography (CT), echo-cardiology,
digital X-ray, fluoroscopy, mammography, magnetic resonance imaging
(MRI), nuclear medicine, positron emission tomography (PET) and
ultrasound. About Royal Bank of Canada's Knowledge Based Industries
Group: KBI is the leading provider of financial services and
support to Canada's Knowledge-Based Industries. KBI has gained the
experience and expertise necessary to provide customized solutions
to meet the complex needs of companies in the new economy. Many KBI
account managers have technical degrees and entrepreneurial
experience working in KBI sectors, including Information
Technology, Life Sciences & Health Care, and Media &
Entertainment. This means they have a head-start in understanding
high tech businesses. The KBI team has helped some of the most
successful Canadian KBI companies access venture capital, enter
into global markets, manage volatile cash flow, access project
financing and bridge loans, facilitate IPOs and network with key
industry players. Certain statements contained in this news release
are forward-looking within the meaning of securities laws and are
based on current expectations that are subject to a number of
assumptions, uncertainties and risks, and the actual results may
differ materially from what is currently expected. These
assumptions, uncertainties and risks include, but are not limited
to: the management of the growth of the Company, dependence on key
personnel of the Company, competitive pressures (including price
competition), changes in market activity, risks associated with
international operations, the development of new products and
services, the enhancement of existing products and services, the
introduction of competing products having technological and/or
other advantages, the dependence on key customers, regulatory
changes to the health care industry, seasonality, economic and
political conditions and adequate protection of the proprietary
interests of the Company. Further information about these risks and
uncertainties can be found in the continuous disclosure documents
filed from time to time by Cedara with the securities regulatory
authorities, which documents are available at
http://www.sedar.com/. All trademarks appearing in this release are
the property of Cedara Software Corp. DATASOURCE: Cedara Software
Corp. CONTACT: For investor-related inquiries contact: Brian
Pedlar, Chief Financial Officer, (905) 672-2100 ext. 2015, Email: ;
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