AmSurg amends note agreement to approve merger, adjust interest rate

By Lisa Kerner

Charlotte, N.C., April 12 - AmSurg Corp. amended its May 28, 2010 note purchase agreement with Prudential Insurance Co. of America and other noteholders on April 6, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

Noteholders were asked to approve the $173.5 million merger of AmSurg and its subsidiary AmSurg Merger Corp. with National Surgical Care, Inc. and Brazos GP Partners, LLC.

The amended agreement, among other things, increases the per year interest rate on the outstanding notes by 75 basis points beginning the first day of the first fiscal quarter immediately following any major acquisition.

As previously reported, AmSurg sold $75 million of 10-year 6.04% senior notes to Prudential and its affiliates.

AmSurg is a Nashville-based operator of ambulatory surgery centers.

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