---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-080552"
form_type: "8-K"
ticker: "SEM"
cik: "0001320414"
company_name: "SELECT MEDICAL HOLDINGS CORP"
filed_at: "2024-07-17T23:59:59+00:00"
generated_at: "2026-05-31T20:09:49.663649+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001104659-24-080552
- form_type: 8-K
- ticker: SEM
- cik: 0001320414
- company_name: SELECT MEDICAL HOLDINGS CORP
- filed_at: 2024-07-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1320414/000110465924080552/0001104659-24-080552-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1320414/000110465924080552/tm2419644d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-080552
- JSON: https://secwatch.observer/filing/0001104659-24-080552.json
- Plain text: https://secwatch.observer/filing/0001104659-24-080552.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.