LifePoint to pay down term loan B borrowings with notes proceeds

By Sara Rosenberg

New York, July 31 – LifePoint Health Inc. plans to repay a portion of its existing term loan B due 2025 as a result of an upsizing of its senior secured notes offering to $800 million from $600 million, according to a market source.

Remaining proceeds from the notes will be used to redeem all of the company’s outstanding 6¾% senior secured notes due 2025.

LifePoint is a Brentwood, Tenn.-based operator of general acute care hospitals, community hospitals, regional health systems, physician practices, outpatient centers and post-acute care facilities.

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