Encompass Health to fully redeem 5.125% senior notes due 2023

By William Gullotti

Buffalo, N.Y., Feb. 11 – Encompass Health Corp. issued a final redemption notice to holders of its remaining $100 million 5.125% senior notes due 2023, according to a press release on Friday.

The notes will be redeemed at par plus accrued and unpaid interest on March 15.

According to the release, the company intends to use cash on hand and a drawdown from its revolver to fund the redemption. Encompass expects to record a $300,000 loss on early extinguishment of debt in the first quarter of 2022.

The health care services provider is based in Birmingham, Ala.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.