Accendra Health Reports Expiration of Exchange Offers, Final Tender Results
MT Newswires Live
Jun 24
Accendra Health (ACH) said late Tuesday that its previously announced exchange offers for existing notes have expired.
Holders tendered about $478.3 million of the company's 4.500% senior notes due 2029, representing about 99.9% of the outstanding principal amount, the company said.
Holders also tendered about $548 million of the company's 6.625% senior notes due 2030, representing about 99.2% of the outstanding principal amount, Accendra Health said.
The company said it issued or will issue $213 million of first lien notes and $698.1 million of second lien notes in exchange for the tendered notes.
Shares of the company were down 3.2% in Wednesday premarket activity.
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