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Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item
Published on 9/4/2014 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

HealthSouth to redeem all $271 million 7¼% notes due 2018 on Oct. 1

By Marisa Wong

Madison, Wis., Sept. 4 – HealthSouth Corp. said it issued a notice of redemption for all $271 million of its outstanding 7¼% senior notes due 2018 on Aug. 29.

The 7¼% notes will be redeemed on Oct. 1, according to a press release.

The company plans to fund the redemption using proceeds from an add-on offering of 5¾% senior notes due 2024 along with borrowings under its secured credit facility.

HealthSouth is a Birmingham, Ala.-based owner and operator of hospitals.


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