debt
confidence high
sentiment neutral
materiality 0.55
Surgery Partners subsidiary plans $600M senior notes offering due 2032 to refinance higher-coupon debt
Surgery Partners, Inc.
- $600M aggregate principal of senior unsecured notes due 2032; interest rate set at pricing.
- Proceeds to redeem outstanding 6.750% notes due July 2025 and 10.000% notes due April 2027.
- Excess proceeds for general corporate purposes, including funding future acquisitions.
- Notes offered under Rule 144A/Reg S; not registered under Securities Act.
- Guarantees from domestic subsidiaries that also guarantee senior secured credit facilities.