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

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LifePoint Hospitals, Inc.
LPNT
announced today that it is extending the expiration date of its previously announced consent solicitation (the “Consent Solicitation”) seeking consents from holders of its $400 million outstanding principal amount of 6.625% Senior Notes due 2020 (the “Notes”) for amendments to certain provisions of the indenture governing the Notes (the “Proposed Amendments”). The Consent Solicitation, which was previously scheduled to expire at 5:00 p.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 terminated by the Company (as such time may be further extended, the “Expiration Date”). The Company further announced that it has increased the consent payment for consenting holders who validly deliver their consents prior to the Expiration Date 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 limit the amount of assets that may be attributed to non-guarantor subsidiaries and the amount of certain indebtedness that may be incurred by non-wholly owned subsidiaries that are non-guarantor subsidiaries under the indenture. All other terms and conditions of the Consent Solicitation, as set forth in the Consent Solicitation Statement dated July 30, 2013 (the “Consent Solicitation Statement”), remain the same.
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