HealthSouth expected to price $300 million 10-year notes on Friday

By Paul A. Harris

Portland, Ore., Sept. 11 – HealthSouth Corp. expects to price a $300 million offering of 10-year senior notes (B1/B+) on Friday trailing a late-morning conference call with investors, according to a syndicate source.

Morgan Stanley & Co. Inc., Barclays, BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co., J.P. Morgan Securities LLC, RBC Capital Markets and SunTrust Robinson Humphrey Inc. are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with five years of call protection.

The Birmingham, Ala.-based provider of post-acute health care services plans to use the proceeds to pay a portion of the approximately $740 million owed on the Reliant Hospital Partners, LLC acquisition.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.