HealthSouth Corporation HLS today announced the pricing of its underwritten public offering of $275
million in aggregate principal amount, which represents an increase of $25
million over the amount initially offered, of 5.75% senior notes due 2024 at a
public offering price of 100% of the principal amount. The Company will pay
interest on the notes semi-annually in arrears on May 1 and November 1 of each
year, beginning on May 1, 2013, for the senior notes due 2024. The notes will
be jointly and severally guaranteed on a senior unsecured basis by all of its
existing and future subsidiaries that guarantee borrowings under the Company's
credit agreement and other capital markets debt.
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