HealthSouth Prices $275M Senior Notes Due 2024
HealthSouth Corporation (NYSE: 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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.