Tag: Offering
Philips executes offering
May 19, 2025HME News Staff
AMSTERDAM – Royal Philips has announced the successful pricing of its offering of EUR 500 million fixed rate notes due 2030 and EUR 500 million fixed rate notes due 2035 under its European Medium Term Note program. The net proceeds will be used for general corporate purposes, the repayment of 2026 debt maturities and to refinance or finance any eligible projects as defined in Philips’ Sustainable Finance Framework. The issue price for the notes due 2030 is 99.859% with a coupon of 3.25%,...
AdaptHealth proposes $300M offering
July 15, 2020HME News Staff
PLYMOUTH MEETING, Pa. - AdaptHealth announced July 14 that it has commenced an offering of $300 million aggregate principal amount of senior notes due 2028. The company plans to use the net proceeds from the offering to repay certain of its existing senior secured indebtedness, and pay related fees and expenses. The 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...
Protech Home Medical raises more than $28.8 million
July 1, 2020HME News Staff
CINCINNATI - Protech Home Medical has closed its previously announced offering of about 25 million units at a price of $1.15 per unit for aggregate proceeds of about $28.8 million, which includes the exercise in full of the 15% over-allotment option. The company has also closed: its previously announced brokered private placement of 1.75 million units at the issue price for additional gross proceeds of about $2 million, and its non-brokered private placement of 927,825 units at the issue price for...
UPDATED: Invacare offers $130M in senior notes
February 17, 2016HME News Staff
ELYRIA, Ohio - Invacare announced Feb. 17 that it's offering $130 million aggregate principal amount of 5% convertible senior notes due 2021 in a private offering to qualified institutional buyers.In connection with the offering, the company has granted the initial purchasers an option to purchase up to an additional $20 million aggregate principal amount of notes.The conversion rate for the offering will be 60.0492 common shares per $1,000 principal amount of notes, equivalent to an initial conversion...