HealthEquity to use proceeds from new notes to refinance loan

By Mary-Katherine Stinson

Lexington, Ky., Oct. 4 – HealthEquity, Inc. will use the proceeds from an add-on offering of senior notes to refinance its existing term loan and/or for general corporate purposes, according to a company release.

The proceeds from the notes will be combined with cash on hand and borrowing under new credit facilities to complete the refinancing.

HealthEquity is a Draper, Utah-based health care financial services provider.

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