debt
confidence high
sentiment neutral
materiality 0.70
Select Medical closes $550M 6.250% senior notes due 2032; amends credit agreement with $1.05B term loan
SELECT MEDICAL HOLDINGS CORP
- Net proceeds used to repay existing term loans and redeem all outstanding 6.250% Senior Notes due 2026.
- Amendment No. 11 adds $1.05B incremental term loan and extends revolver to 5 years; $50M incremental revolver commitment added.
- Interest on new notes is 6.250% payable semi-annually; matures December 2032.