Select Medical (SEM) slipped almost 3% in recent trading Monday after the rehabilitation centers chain disclosed plans for an $850 million private placement of senior notes maturing in 2032.
The company is expecting to use net proceeds from the offering, together with borrowings through a new incremental term loan and available cash, to fully repay its existing term loan facility and redeeming all of its outstanding 6.250% senior notes due 2026.
Select Medical plans to amend its existing senior credit agreement to establish a new incremental loan that will refinance and extend certain credit facilities, and provide for additional commitments.
Price: 36.43, Change: -1.02, Percent Change: -2.72
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。