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Published on 8/10/2020 in the Prospect News High Yield Daily.

New Issue: AMN Healthcare prices upsized $200 million tap of 4 5/8% notes due 2027 at 101

By Sarah Lizee

Olympia, Wash., Aug. 10 – AMN Healthcare Services, Inc. subsidiary AMN Healthcare, Inc. priced an upsized $200 million of additional notes to its issue of 4 5/8% senior notes due Oct. 1, 2027 at 101 on Monday, according to a press release.

The deal was upsized from $150 million, according to an 8-K filing with the Securities and Exchange Commission.

The original issue of $300 million of senior notes priced in a quick-to-market trade on Sept. 26, 2019 that settled on Oct. 1, 2019.

The San Diego-based health care staffing services provider plans to use the proceeds to refinance debt under its current credit facilities.

Issuer:AMN Healthcare, Inc.
Issue:Senior notes add-on
Amount:$200 million
Maturity:Oct. 1, 2027
Coupon:4 5/8%
Price:101
Pricing date:Aug. 10
Settlement date:Aug. 13
Distribution:Rule 144A and Regulation S
Total issuance:$500 million, including $300 million priced on Sept. 26, 2019 at par

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