LifePoint further extends consent solicitation for 6 5/8% notes

By Marisa Wong

Madison, Wis., Aug. 16 - LifePoint Hospitals, Inc. said it is extending the expiration of its consent solicitation for its $400 million 6 5/8% senior notes due 2020 to 5 p.m. ET on Aug. 20 from 5 p.m. ET on Aug. 15.

The deadline was previously extended from 5 p.m. ET on Aug. 12.

As announced on July 30, the company is seeking consents from holders of its 6 5/8% notes to amend some provisions of the indenture governing the notes. Specifically, the company wants to eliminate a requirement that non-wholly owned subsidiaries provide guarantees for the notes and modify requirements needed to exclude specific wholly owned subsidiaries from having to provide note guarantees.

The proposed changes will provide LifePoint with operating flexibility to make acquisitions and joint ventures, the company said in a previous press release.

The amendments require the consent of holders of a majority in principal amount of the outstanding notes.

The company is offering a consent payment of $7.50 per $1,000 principal amount of notes.

Holders may obtain copies of the consent solicitation statement and the consent form from D.F. King & Co., Inc. (800 949-2583, 212 269-5550 collect or lifepoint@dfking.com).

Barclays (800 438-3242 or 212 528-7581 collect) is the solicitation agent.

LifePoint is a hospital company based in Brentwood, Tenn.

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