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Acelity to redeem some 12½% senior notes due 2019 with IPO proceeds
New York, Aug. 26 – Acelity Holdings, Inc. said it plans to redeem some of its outstanding 12½% senior notes due Nov. 1, 2019 with the proceeds from an initial public offering of common stock.
The company registered to sell up to $100 million of shares in an S-1 filing with the Securities and Exchange Commission on Wednesday.
J.P. Morgan Securities LLC, Goldman Sachs & Co. and BofA Merrill Lynch will be bookrunners for the IPO.
Acelity currently has $612 million of the 12½% notes outstanding. They were issued by Kinetic Concepts, Inc. in October 2011.
Acelity is a San Antonio-based medical technology company formed from Kinetic Concepts, Systagenix and LifeCell.
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