Addus HomeCare prices 1.5M share public offering at $108; net proceeds ~$153M for debt paydown and Gentiva acquisition

Addus HomeCare Corp

Offering of 1,500,000 shares at $108.00 per share; underwriters granted 30-day option for up to 225,000 additional shares.
Estimated net proceeds of approximately $153 million ($176 million if option fully exercised).
Approximately $81.4 million to repay all indebtedness under credit facility; remainder for general corporate purposes including Gentiva personal care asset acquisition.
No selling stockholders; offering expected to close on June 28, 2024.
BofA Securities and Jefferies are joint book-running managers.

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