|[May 01, 2014]
LifePoint Hospitals, Inc. Announces Pricing of Add-on Offering of $400 Million of 5.5% Senior Notes Due 2021
BRENTWOOD, Tenn. --(Business Wire)--
LifePoint Hospitals, Inc. (NASDAQ: LPNT) announced today the pricing of
a private offering of $400 million in aggregate principal amount of its
5.5% Senior Notes due 2021 (the "Notes"). The Notes will be senior
unsecured obligations of the Company and will be guaranteed by certain
of the Company's existing and future domestic subsidiaries.
The Notes will be issued as additional notes under the indenture dated
as of December 6, 2013, pursuant to which the Company has previously
issued $700 million in aggregate principal amount of 5.5% Senior Notes
due 2021 (the "Initial Notes"). The Notes will be treated as a single
series with, and will have the same terms as, the Initial Notes (other
than the issue date and offering price). The Notes are expected to have
the same CUSIP and ISIN numbers as, and will be fungible for trading
purposes with, the Initial Notes.
The Company intends to use the net proceeds of the offering to fund, in
part, the payment of its outstanding 3.5% Convertible Senior
Subordinated Notes due 2014 (the "Convertible Notes") at maturity and
the cash-settled portion of the conversion of the Convertible Notes. The
closing of the sale of the Notes is expected to occur on May 12, 2014,
and is subject to the satisfaction of customary closing conditions.
The Notes and related subsidiary guarantees are being offered in the
United States to qualiied institutional buyers pursuant to Rule 144A
under the Securities Act of 1933, as amended (the "Securities Act"), and
outside the United States pursuant to Regulation S under the Securities
Act. The Notes and the related subsidiary guarantees have not been
registered under the Securities Act and may not be offered or sold in
the United States without registration or an applicable exemption from
the registration requirements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of Notes
and related subsidiary guarantees in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction.
About LifePoint Hospitals
LifePoint Hospitals, Inc. is a leading hospital company focused on
providing quality healthcare services close to home. Through its
subsidiaries, LifePoint operates 61 hospital campuses in 20 states. With
a mission of "Making Communities Healthier®," LifePoint is the sole
community hospital provider in the majority of the communities it
serves. All references to "LifePoint," "LifePoint Hospitals" or the
"Company" used in this release refer to LifePoint Hospitals, Inc. or its
In addition to historical information, this release may contain
certain statements that constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements, together with other statements that are
not historical, are based on management's current expectations and
involve known and unknown risks, uncertainties, contingencies and other
factors that could cause results, performance or achievements to differ
materially from those stated. The most significant of these risks and
uncertainties are described in the Company's Form 10-K, Form 10-Q and
Form 8-K reports filed with the Securities and Exchange Commission.
Should one or more of these risks or uncertainties materialize or should
underlying assumptions prove incorrect, the Company's actual results,
performance or achievements could differ materially from those expressed
in, or implied by, such forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof. Except as otherwise
required by law, the Company does not undertake any obligation to
publicly release any revisions to these forward-looking statements to
reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
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