Option Care Health repurchases $75M shares from HC Group Holdings, underwrites 13M share offering

Option Care Health, Inc.

Repurchased 2,475,166 shares from HC Group Holdings I, LLC for $75M at $30.301 per share.
Entered underwriting agreement with Goldman Sachs for secondary offering of 13M shares at $30.75 per share.
Selling stockholder HC Group Holdings sold shares; company received no proceeds from the offering.
Lock-up agreements prohibit sale of company securities for 30 days for executives and selling stockholder.
Repurchase funded with cash on hand; repurchased shares will be held in treasury.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Option Care Health, Inc. entered into Share Repurchase Agreement with HC Group Holdings I, LLC valued at reported $75,000,000 consideration; 2,475,166 shares at $30.301 per share (effective 2023-02-28).

Action: entry
Counterparty: HC Group Holdings I, LLC
Value: reported $75,000,000 consideration; 2,475,166 shares at $30.301 per share
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, Option Care Health, Inc., a Delaware corporation (the “Company”), entered into a share repurchase agreement (the “Share Repurchase Agreement”) with HC Group Holdings I, LLC, a Delaware limited liability company and a stockholder of the Company (the “Selling Stockholder”), pursuant to which the Company agreed to repurchase, directly from the Selling Stockholder, 2,475,166 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), for an aggregate purchase price of approximately $75.0 million (the “Repurchase”).

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Option Care Health, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-028416

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