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HealthSouth to retire $30.3 million of 10¾% senior subordinated notes
By Angela McDaniels
Tacoma, Wash., June 24 - HealthSouth Corp. plans to retire $30.3 million of its 10¾% senior subordinated notes due Oct. 1, 2008, according to a 424B5 filing with the Securities and Exchange Commission.
The company will purchase the notes with proceeds from an upcoming offering of 8.8 million shares of common stock.
Proceeds will also be used to repay borrowings under the company's term loan due 2013 and for general corporate purposes.
HealthSouth is a Birmingham, Ala.-based provider of ambulatory surgery and rehabilitative health care services.
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