secwatch.observer — SEC 8-K summary
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Issuer:     SELECT MEDICAL HOLDINGS CORP (SEM)
CIK:        0001320414
Form:       8-K
Filed at:   2024-07-17T23:59:59+00:00
Accession:  0001104659-24-080552
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1320414/000110465924080552/0001104659-24-080552-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1320414/000110465924080552/tm2419644d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-080552

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