Aveanna to pay down first- and second-lien loans with IPO proceeds

By Sara Rosenberg

New York, April 20 – Aveanna Healthcare plans to repay about $266 million of its first-lien term loan and about $307 million of its second-lien term loan with proceeds from an initial public offering of common stock, according to an S-1/A filed with the Securities and Exchange Commission on Tuesday.

Any remaining proceeds from the offering will be used for general corporate purposes.

Aveanna Healthcare is an Atlanta-based home health care company.

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