December 20, 2016 / 8:44 AM / 9 months ago

BRIEF-Life Healthcare to undertake rights offer of up to 10.7 bln rand

Dec 20 (Reuters) - Life Healthcare Group Holdings Ltd :

* Has resolved to undertake a fully underwritten, renounceable rights offer in amount of up to R10.7 billion

* Offer in order to refinance a portion of bridge facility together with associated financing costs

* Following proposed rights offer and repayment of bridge facility, company expects to substantially reduce its net debt position

* Final terms of rights offer will be announced as soon as practicable after annual general meeting Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

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