Encompass Health to repay revolver borrowings with proceeds of new notes

By Rebecca Melvin

New York, May 12 – Encompass Health Corp. plans to repay certain borrowings under its revolving credit facility with the proceeds of $500 million of senior notes and cash on hand, according to a company release on Tuesday.

The new notes offerings include a $250 million add-on to its 4½% senior notes due Feb. 1, 2028 and a $250 million add-on to its 4¾% senior notes due Feb. 1, 2030.

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

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