Business
Option Care Health Announces Proposed Offering of $350 Million of Shares of Common Stock
BANNOCKBURN, Ill., July 20, 2020 (GLOBE NEWSWIRE) -- Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today a
About this update from Option Care Health, Inc.
[{"type":"text","content":"BANNOCKBURN, Ill., July 20, 2020 (GLOBE NEWSWIRE) -- Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today a proposed underwritten offering of $350 million of shares of its common stock, which includes $125 million of shares offered by the Company and $225 million of shares offered by an affiliate of Madison Dearborn Partners (the “Selling Stockholder”). In addition, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to $52.5 million of additional shares of common stock.\n The Company intends to use the net proceeds received by the Company from the sale of shares of common stock in the offering to repay a portion of its senior secured second lien PIK toggle floating rate notes due 2027. The Selling Stockholder will receive all of the net proceeds from the sale of shares of common stock sold by it in the offering. BofA Securities is acting as lead bookrunner with Barclays, Deutsche Bank Securities, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, SunTrust Robinson Humphrey, William Blair and Lake Street Capital Markets acting as bookrunners for the offering. A shelf registration statement on Form S-3 relating to the shares of common stock was filed with, and declared effective by, the Securities and Exchange Commission (the “SEC”). The offering may be made only by means of a prospectus supplement and the accompanying prospectus. A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC. You may get these documents for free by visiting the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: BofA Securities, Inc.Attn: Prospectus Department200 North College Street, 3rd FloorCharlotte, North Carolina 28255email: [email protected] This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Option Care Health Option Care Health is the nation’s largest independent provider of home and alternate site infusion services. With over 5,000 teammates, including approximately 2,900 clinicians, we work compassionately to ...