Five Star Quality Care to sell $80 million convertibles

New York, Oct. 11 - Five Star Quality Care, Inc. said it plans to sell $80 million of convertible senior notes due 2026.

The deal will have a $12 million greenshoe.

Five Star will sell the convertibles under Rule 144A.

Proceeds will be used for general corporate purposes, the Newton, Mass., operator of healthcare and senior living communities said in a news release.

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