Encompass Health (EHC) said late Tuesday it plans to redeem $100 million of the outstanding balance of its 5.75% senior notes due 2025 on Nov. 21.
The redemption price will be 100% of par, plus accrued and unpaid interest pursuant to the terms of the 2025 notes, the company said.
Encompass Health plans to use cash to fund the redemption, resulting in an approximate $200,000 million loss in Q4.
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