AMN Healthcare to price $300 million eight-year notes on Thursday; initial talk high 4% area

By Paul A. Harris

Portland, Ore., Sept. 26 – AMN Healthcare, Inc. plans to price a $300 million offering of eight-year senior notes (existing ratings Ba2/BB-) in a quick-to-market Thursday trade following a late-morning conference call with investors, according to a syndicate source.

The deal is in the market with initial guidance in the high 4% area.

SunTrust Robinson Humphrey Inc. is the left bookrunner. BofA Securities Inc. and J.P. Morgan Securities LLC are the joint bookrunners. MUFG, Wells Fargo Securities LLC, Fifth Third Bank, Goldman Sachs & Co. LLC, BBVA Securities Inc., BNP Paribas Securities Corp. and KeyBanc Capital Markets LLC are the co-managers.

The Rule 144A for life notes become callable after three years at par plus 50% of the coupon and feature a 40% equity clawback.

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

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