PlanVista Renegotiates Note Payment Terms

NU Online News Service, April 1, 2003, 12:28 p.m. EST – PlanVista Corp., Tampa, Fla., says CENTRA Benefits Services Inc. has eased payment terms for $4.3 million in notes.

CENTRA, which received the notes as the result of a 1998 acquisition, has agreed to reduce the interest rate to 6%, from 12%, and to push the maturity date back to April 1, 2006, from Dec. 1, 2004, PlanVista says.

PlanVista also reports that Commonwealth Associates L.P., New York, a company that recently helped it by acquiring its bank debt and most of its convertible preferred stock, has helped it with its obligations to CENTRA.