HealthSouth to repay term loan, revolver with notes offering proceeds

By Tali Rackner

Norfolk, Va., Jan. 20 – HealthSouth Corp. plans to pay down $250 million of borrowings under the $300 million tranche of its term loan facility with the proceeds from a senior notes offering, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds will also be used to repay borrowings under the company’s revolving credit facility.

The amounts being repaid under the senior secured credit facility mature on Sept. 20, 2019.

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

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