Option Care extinguishes $246 million of second-lien notes

Chicago, Jan. 21 – Option Care Health Inc. used the proceeds from an add-on term loan for the extinguishment of the entire $246 million remaining balance of the company’s second-lien notes, according to a press release.

The company issued $250 million of first-lien term loans as an add-on on Thursday.

The issuer said that with the debt transaction “it has further simplified its capital structure and reduced its cash interest burden.”

Option Care is a Bannockburn, Ill.-based provider of home and alternate treatment site infusion therapy services.

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