Iasis Healthcare to sell bonds for debt refinancing, dividend funding

By Paul A. Harris and Sara Rosenberg

Portland, Ore., April 15 - Iasis Healthcare LLC plans to sell bonds as part of a debt refinancing and dividend funding transaction, according to a market source.

In addition to the bonds, the company intends to put in place a $1.235 billion credit facility, which is scheduled to launch at a bank meeting on Tuesday.

Bank of America Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC are the lead banks on the deal, with Bank of America the left lead.

Proceeds, along with some bonds, will be used to refinance existing debt and to fund a $230 million dividend.

Iasis is a Franklin, Tenn.-based owner and operator of medium-sized acute care hospitals.

© 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.