Envision Healthcare intends to redeem $617.5 million of 8 1/8% notes

By Toni Weeks

San Luis Obispo, Calif., May 19 - Envision Healthcare Corp. said it intends to redeem $617.5 million of its outstanding 8 1/8% senior notes due 2019.

The redemption is contingent on the issuance or borrowing of new indebtedness in an aggregate principal amount of $650 million on or prior to the redemption date.

If the company is successful with the financing, the notes will be redeemed at 106.094% of par plus accrued interest to the redemption date.

The company gave notice of the partial redemption on May 19, according to an 8-K filing with the Securities and Exchange Commission.

Wilmington Trust, NA is the trustee.

Envision is a Greenwood Village, Colo.-based provider of outsourced medical services.

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