debt
confidence high
sentiment neutral
materiality 0.50
Select Medical Corp prices $550M of 6.250% Senior Notes due 2032 to refinance existing debt
SELECT MEDICAL HOLDINGS CORP
- $550M aggregate principal of 6.250% Senior Notes due 2032 priced; closing expected Dec 3, 2024.
- Notes are senior unsecured obligations guaranteed by certain domestic subsidiaries.
- Proceeds will repay existing term loans and redeem all outstanding 6.250% Senior Notes due 2026.
- Concurrently, Select intends to amend its credit agreement to add incremental term loan and extend revolving credit maturity.
- Offering is private under Rule 144A/Reg S; notes not registered.