LifePoint Reports Extension of Consent Soliciation, Raise of Payment from $7.50 to $15


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


LifePoint Hospitals, Inc. (NASDAQ: LPNT) announced today that it is extendingthe expiration date of its previously announced consent solicitation (the“Consent Solicitation”) seeking consents from holders of its $400 millionoutstanding principal amount of 6.625% Senior Notes due 2020 (the “Notes”) foramendments to certain provisions of the indenture governing the Notes (the“Proposed Amendments”).The Consent Solicitation, which was previously scheduled to expire at 5:00p.m., New York City time, on August 21, 2013, will be extended to 5:00 p.m.,New York City time, on August 23, 2013, unless further extended or terminatedby the Company (as such time may be further extended, the “Expiration Date”).The Company further announced that it has increased the consent payment forconsenting holders who validly deliver their consents prior to the ExpirationDate and who do not validly revoke their consents from $7.50 in cash for each$1,000 in unpaid principal amount of the Notes to $15.00 in cash for each$1,000 in unpaid principal amount of the Notes.The Proposed Amendments described in the revised Consent Solicitation limitthe amount of assets that may be attributed to non-guarantor subsidiaries andthe amount of certain indebtedness that may be incurred by non-wholly ownedsubsidiaries that are non-guarantor subsidiaries under the indenture.All other terms and conditions of the Consent Solicitation, as set forth inthe Consent Solicitation Statement dated July 30, 2013 (the “ConsentSolicitation Statement”), remain the same.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


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