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Encompass Health to draw on revolver to fund note redemption
By Wendy Van Sickle
Columbus, Ohio, March 5 – Encompass Health Corp. plans to draw down on its revolving credit facility to fund a portion of its redemption of $100 million of its 5 1/8% senior notes due 2023 according to a news release.
The company will also use cash on hand to fund the redemption, which is set for April 5.
The health care services provider is based in Birmingham, Ala.
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