AdaptHealth to offer senior notes
By HME News Staff
Updated 10:55 AM CDT, Wed August 11, 2021
PLYMOUTH MEETING, Pa. – AdaptHealth will offer $550 million aggregate principal amount of senior notes due 2030. The notes will be guaranteed by certain of the issuer’s current and future subsidiaries, as well as the issuer’s direct parent, AdaptHealth Intermediate Holdco LLC, on a senior unsecured basis. The company will use the net proceeds from the offering to repay the outstanding principal amount under the 12% promissory notes held by affiliates of Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC); to repay amounts outstanding under the company’s revolving credit facility; to pay related fees and expenses; and for general corporate purposes, which may include future acquisitions and other business opportunities, corporate expenditures and working capital.
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