Kindred Healthcare plans to price $500 eight-year notes Wednesday

By Paul A. Harris

Portland, Ore., March 26 - Kindred Healthcare, Inc. plans to price a $500 million offering of eight-year senior notes (B3/B-/) Wednesday, according to market sources.

The managers include J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Barclays, Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.

The Rule 144A and Regulation S notes come with three years of call protection.

The Louisville-based health care services company plans to use the proceeds, along with borrowings under certain senior secured credit facilities, to redeem and repurchase $550 million of its 8¼% senior notes due 2019.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.