Select Medical subsidiary issues $650M 6.875% Senior Notes due 2032

SELECT MEDICAL HOLDINGS CORP

$650M aggregate principal of 6.875% senior notes due July 15, 2032, issued by Concentra Escrow Issuer Corp.
$50M of net proceeds for general corporate purposes; remainder paid to Select Medical Corp as a dividend.
Notes are part of financing for planned separation of Concentra; merger with Concentra Health Services pending.
If merger not consummated by Sep 30, 2024, notes subject to special mandatory redemption at 100% plus accrued interest.
Interest payable semi-annually on Jan 15 and Jul 15, starting Jan 15, 2025.

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