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AdaptHealth Announces Pricing of Upsized $350.0 Million Senior Notes Due 2028
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)-- AdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the “Company”), a leading provider of home medical equipment,
About this update from Adapthealth Corp.
[{"type":"text","content":" PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--\nAdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the “Company”), a leading provider of home medical equipment, supplies and related services in the United States, announced today that its subsidiary, AdaptHealth LLC (the “Issuer”), has priced an offering of $350.0 million aggregate principal amount of 6.125% senior notes due 2028 (the “senior notes”). The senior notes will be issued at a price of 100.00% of their principal amount. The size of the offering was increased from the previously announced offering size of $300.0 million. The senior notes will be guaranteed by certain of the Issuer’s subsidiaries as well as the Issuer’s direct parent, AdaptHealth Intermediate Holdco LLC, on a senior unsecured basis. AdaptHealth intends to use the net proceeds from the offering to repay certain of its existing senior secured indebtedness and pay related fees and expenses, and for general corporate purposes. The offering is expected to close on July 29, 2020, subject to the satisfaction of customary closing conditions.\n\n\nThe senior notes and related guarantees are being offered only to investors who are reasonably believed to be “qualified institutional buyers” in reliance on the exemption from registration set forth in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The senior notes and the related guarantees have not been registered under the Securities Act, or the securities laws of any state or other jurisdiction, and may not be offered or sold in the United States without registration or an applicable exemption from the Securities Act and applicable state securities or blue sky laws and foreign securities laws.\n\n\nThis press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of senior notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n\n\nAbout AdaptHealth Corp.\n\n\nAdaptHealth Corp. is a leading provider of home healthcare equipment, medical supplies to the home and related services in the United States. A...