Business
Encompass Health issues notice for partial redemption of its 4.500% senior notes due 2028
Encompass Health Corp. (NYSE: EHC) today issued notice for redemption of $400 million of the outstanding principal balance of its 4.500% senior notes due 2028 (the "2028 Notes"). The redemption price will be 100.0% of par, plus accrued and unpaid interest to the redemption date of June 13, 2026, pursuant to the terms of the 2028 Notes. Since June 13, 2026 is not a business day, the redemption price will be paid on the next business day, June 15, 2026. As a result of this redemption, the Company
About this update from Encompass Health Corporation
[{"type":"text","content":"BIRMINGHAM, Ala., May 14, 2026 /PRNewswire/ -- Encompass Health Corp. (NYSE: EHC) today issued notice for redemption of $400 million of the outstanding principal balance of its 4.500% senior notes due 2028 (the "2028 Notes"). The redemption price will be 100.0% of par, plus accrued and unpaid interest to the redemption date of June 13, 2026, pursuant to the terms of the 2028 Notes. Since June 13, 2026 is not a business day, the redemption price will be paid on the next business day, June 15, 2026. As a result of this redemption, the Company expects to record an approximate $3.2 million loss on early extinguishment of debt in the second quarter of 2026. As of May 14, 2026, the aggregate principal amount of the 2028 Notes outstanding was $800 million.","length":769,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Encompass Health Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Encompass Health Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":152,"url":"https://media.zenfs.com/en/prnewswire.com/a7ce07e830d1e0fee63e778bf4a8b83c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/P1TrdTQNuJr_fE809Ttb5g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTI2OA--/https://media.zenfs.com/en/prnewswire.com/a7ce07e830d1e0fee63e778bf4a8b83c","width":400,"height":152},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/RosPLZ.08puxu8y.4NbpaQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTI0Mw--/https://media.zenfs.com/en/prnewswire.com/a7ce07e830d1e0fee63e778bf4a8b83c","width":400,"height":152}},"href":"https://mma.prnewswire.com/media/619202/Encompass_Health_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The information contained in this press release does not constitute a notice of redemption of the 2028 Notes. Holders of the 2028 Notes should refer to the notice of redemption delivered to the registered holders of the 2028 Notes by Computershare Trust Company, National Association, the trustee with respect to the 2028 Notes.","length":328,"tagName":"p"},{"type":"text","content":"About Encompass Health Encompass Health (NYSE: EHC) is the largest owner and operator of inpatient rehabilitation hospitals in the United States. With a national footprint that includes 175 hospitals in 39 states and Puerto Rico, the Company provides high-quality, compassio...