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
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。