LifePoint tenders for Province's 4¼% convertibles

New York, March 18 - LifePoint Hospitals, Inc. said it has started a cash tender offer for Province Healthcare Co.'s $172.5 million principal amount of 4¼% convertible subordinated notes due 2008.

The Brentwood, Tenn., hospital operator is making the offer as part of its merger with Province, also a Brentwood, Tenn., hospital operator.

LifePoint is offering $1,060 per $1,000 principal amount of the convertibles plus accrued interest up to but excluding the date of payment.

Expiration of the tender is midnight ET on April 14.

The tender is subject to conditions including the satisfaction or waiver of all requirements for the merger to go ahead.

Citigroup Global Markets Inc. is dealer manager and solicitation agent (contact Liability Management Group at 877 531-8365). Global Bondholder Services Corp. is the information agent (866 804-2200 or call collect 212 430-3774).

© 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.