LifePoint Health to price $300 million eight-year notes on Thursday

By Paul A. Harris

Portland, Ore., Nov. 19 – LifePoint Health, Inc. plans to price a $300 million offering of eight-year senior notes (existing ratings Ba2/BB-/BB) on Thursday trailing a mid-morning conference call with investors, according to a syndicate source.

Citigroup Global Markets Inc., Barclays, BofA Merrill Lynch, Goldman Sachs & Co., J.P. Morgan Securities LLC and UBS Investment Bank are the joint bookrunners for the public offering.

Fifth Third Bank, MUFG, SunTrust Robinson Humphrey Inc., Credit Agricole CIB, Regions and SMBC Nikko are the co-managers.

The notes feature a make-whole call for the first three years, then become callable at a premium. They also feature a three-year 35% equity clawback and a 101% poison put.

The Brentwood, Tenn.-based health care services provider plans to use the proceeds for general corporate purposes, including acquisitions, and for share repurchases from time to time.

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