AdaptHealth sets Wednesday investor call for $550 million 8.5-year notes offering; pricing Thursday

By Paul A. Harris

Portland, Ore., Aug. 10 – AdaptHealth LLC scheduled an investor conference call at 12:30 p.m. ET on Wednesday for its $550 million offering of 8.5-year senior notes, according to a syndicate source.

The deal will also be marketed on a telephone roadshow on Wednesday and Thursday and is set to price on Thursday.

Jefferies LLC, BofA Securities Inc., Citizens Capital Markets Inc., Deutsche Bank Securities Inc., Fifth Third Securities Inc., Janney Montgomery Scott LLC, KeyBanc Capital Markets Inc., Truist Securities Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

The Rule 144A and Regulation S for life notes come with 3.5 years of call protection.

The provider of home health care products and services plans to use the proceeds to refinance its outstanding promissory notes, term out its current revolver and fund cash to the balance sheet to support its acquisition pipeline.

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