LifePoint Hospitals sets late morning call for $500 million eight-year notes offer, pricing Thursday

By Paul A. Harris

Portland, Ore., Nov. 21 - LifePoint Hospitals, Inc. has scheduled a conference call with investors at 11:30 a.m. ET Thursday to discuss a proposed $500 million offering of eight-year senior notes (expected ratings Ba1/BB-), according to a syndicate source.

The deal is set to price later on Thursday.

Barclays is the lead left bookrunner. BofA Merrill Lynch, Citigroup Global Markets Inc. and Goldman Sachs & Co. are the joint bookrunners.

The Rule 144A with registration rights notes become callable after three years at par plus 75% of the coupon.

The Brentwood, Tenn.-based hospital company plans to use the proceeds to fund acquisitions and for other general corporate purposes, which may include, among other things, the repurchase common stock from time to time.

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