Miller Thomson Advises CareRx Corporation on New Senior Secured Financing with National Bank of Canada
Counsel to CareRx Corporation with respect to its new senior secured financing with National Bank of Canada
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On August 27, 2026, Miller Thomson advised CareRx Corporation (“CareRX”) in connection with its new credit agreement with National Bank of Canada, which replaces CareRx’s existing credit facilities and provides CareRx with a larger and more flexible capital structure to support its continued growth.
CareRx is Canada’s leading provider of pharmacy services to seniors living and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities and group homes. The new financing provided by National Bank of Canada includes up to a $20 million senior secured revolving operating facility, up to a $40 million senior secured term loan and up to a $10 million senior secured delayed draw term loan to finance future acquisitions and capital expenditures.
Miller Thomson advised CareRx with a team led by Lawrence D. Wilder (Capital Markets and Securities), Kenneth Rosenstein and Ethan Campbell and comprised of Octavia Diaconu (Financial Services), Karen Durell and David K. Bailey (Technology, IP & Privacy).