Skilled Healthcare $200 million eight-year notes to price by end of year

By Paul A. Harris

St. Louis, Nov. 18 - Skilled Healthcare Group Inc. plans to price a $200 million offering of eight-year senior subordinated notes (CCC+) before the end of 2005, according to a market source.

Credit Suisse First Boston will have the books for the Rule 144A offering.

The notes will come with four years of call protection.

Proceeds will be used to partially fund the C$750 million leveraged buyout of the company by Onex Corp.

Skilled Healthcare is based in Foothill Ranch, Calif., and operates nursing and assisted living homes in California, Texas, Kansas and Nevada.

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