Option Care Health Announces Pricing for $ 500 Million 4.375% Senior Note Offer and Senior Term Loan Amendment and Extension
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BANNOCKBURN, Ill., October 22, 2021 (GLOBE NEWSWIRE) – Option Care Health, Inc. (NASDAQ: OPCH) (“Option Care Health” or the “Company”) today announced that it has priced its offering of $ 500 million in aggregate principal amount of 4.375% Senior Notes due 2029 (the “Bonds”) at an issue price of 100,000% (the “Offer”). In conjunction with the offering, the Company priced its aggregate principal amount of $ 600 million of the Amended and Restated B Term Loan Facility (the “New Senior Term Loan Facility”).
The Notes will be senior general unsecured obligations of the Company and will be guaranteed on a senior unsecured basis by each of the existing and future restricted domestic subsidiaries wholly owned by the Company which incurs or guarantees indebtedness under the Company’s new senior term loan facility.
The Offer is expected to close on or around October 27, 2021, subject to customary closing conditions. The Company intends to use the proceeds of the offering, together with the new senior term loan facility and cash on hand, to refinance outstanding borrowings under its senior B term loan facility. existing rank, and to pay the costs and expenses relating thereto and with the Offer.
The Notes and related collateral are offered only to persons reasonably considered to be Qualified Institutional Purchasers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States. , only to non- US Persons under Regulation S. The Securities and related collateral will not be registered under the Securities Act or any state securities law and may not be offered or sold to states. -United without registration or applicable exemption from the registration requirements of the Securities Act. and applicable state laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described above, and does not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be. illegal.
About Option Care Santé
Option Care Health is the largest independent provider of home and alternative on-site infusion services in the country. With more than 5,000 teammates, we compassionately work to raise the standard of care for patients with acute and chronic illnesses in 144 locations across the United States. Through our clinical leadership, expertise and national reach, Option Care Health is reinventing the infusion care experience for patients, clients and teammates.
For investor inquiries
Mike Shapiro, CFO Option Care Health312.940.2538[email protected]
Forward-looking statements – Safe Harbor
This press release may contain “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as: “anticipate”, “have intention ”,“ plan ”,“ believe ”,“ plan ”,“ estimate ”,“ expect ”,“ power ”,“ should ”,“ will ”and similar references to future periods. Examples of forward-looking statements include statements regarding the Company’s ability to complete the Offer and the use by the Company of the proceeds of the Offer.
Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions about the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results and financial condition may differ materially from those shown in forward-looking statements. For a detailed discussion of factors that could affect our actual results and financial condition, please refer to the risk factors identified in our SEC reports, including, but not limited to our annual report on Form 10-K and quarterly reports on Form 10 -Q, as filed with the SEC.
Any forward-looking statements we make in this press release are based solely on information currently available to us and speak only as of the date on which they are made. We assume no obligation to publicly update any forward-looking statements, written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Source: Option Care Health, Inc.