Mednax to price $750 million 8.2-year notes in Wednesday drive-by; initial talk 6% area

By Paul A. Harris

Portland, Ore., Nov. 7 – Mednax, Inc. plans to price a $750 million offering of 8.2-year senior notes in a quick-to-market trade on Wednesday, according to market sources.

Initial price talk is in the 6% area.

J.P. Morgan Securities LLC is leading the Rule 144A and Regulation S offering.

The notes, which will mature in 2026, come with 3.2 years of call protection.

The Fort Lauderdale, Fla.-based provider of physician services plans to use the proceeds to repay debt under its senior unsecured revolving credit facility.

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