Tag: private offering
Owens & Minor upsizes offering to $1B
April 3, 2025HME News Staff
RICHMOND, Va. – Owens & Minor has upsized its recently announced private offering to from $600 million to $1 billion aggregate principal amount of senior secured notes. The notes will bear interest at the rate of 10% per year and will mature April 15, 20230. The proceeds will be used to finance its acquisition of Rotech Healthcare, along with cash on hand and expected borrowings under a new senior secured incremental term loan B facility. Proceeds will also be used for other transactions contemplated...
Owens & Minor seeks to finance Apria acquisition
March 21, 2022HME News Staff
RICHMOND, Va. – Owens & Minor has launched a private offering of $500 million aggregate principal amount of senior notes due 2030 subject to customary and market conditions.
The company plans to use the net proceeds of the offering, together with cash on hand and proceeds from expected borrowings under one or more new term loans, to finance its acquisition of Apria Healthcare and other transactions contemplated by the agreement, as well as to repay Apria debt and related fees...