Envision Healthcare to redeem 9¼%/10% senior PIK toggle notes in full

By Angela McDaniels

Tacoma, Wash., Aug. 13 - Envision Healthcare Holdings, Inc. plans to redeem its outstanding 9¼% / 10% senior PIK toggle notes due 2017 in full, according to a company news release.

The company will fund the redemption with the proceeds of its $966 million initial public offering of common stock.

Proceeds will also be used for general corporate purposes, which may include additional repayment of debt.

Greenwood Village, Colo.-based Envision Healthcare Holdings provides health-care-related services. It is the parent company of Envision Healthcare Corp., formerly Emergency Medical Services Corp.

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