Apria closes sale of $250 million in convertible senior notes
August 25, 2003
LAKE FOREST, Calif. - Â Apria Healthcare last week sold $250 million worth of convertible senior notes due 2033.
Apria used a portion of the net proceeds to purchase approximately $100 million worth of shares of Apria common stock. The company intends to use the balance for general corporate purposes, which may include additional share repurchases and acquisitions within the next twelve months.
The notes have not been registered under the securities laws of the United States or any state and may only be offered or sold within the United States to qualified institutional buyers. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful.