debt
confidence high
sentiment neutral
materiality 0.70
Owens & Minor upsizes and prices $1B of 10.000% senior secured notes due 2030
ACCENDRA HEALTH INC/VA/
- Upsized to $1B aggregate principal at 10.000% interest, maturing April 15, 2030.
- Offering priced at 100% of par; expected to close April 4, 2025.
- Proceeds to finance Rotech acquisition; escrowed if acquisition not concurrent.
- Notes secured by same collateral as existing term loan after acquisition closing.
- Guaranteed jointly and severally by certain domestic subsidiaries.