HealthSouth Prices $275M Senior Notes Due 2024

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.