Skilled Healthcare to redeem 11% senior notes with term loan increase

By Tali David

Minneapolis, March 29 - Skilled Healthcare Group, Inc. plans to use the proceeds of its $100 million senior secured term loan increase to partially fund the anticipated redemption of its $130 million 11% senior subordinated notes due 2014, according to a press release.

The company said it anticipates that the remaining amount required to redeem the senior subordinated notes will be funded with a draw on the company's $100 million revolving credit facility.

Skilled Healthcare is a Foothill Ranch, Calif.-based health care services company.

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