Surgery Partners, Inc. (NASDAQ:SGRY) has announced its intention to offer $600,000,000 aggregate principal amount of senior unsecured notes due 2032 through its wholly owned subsidiary, Surgery Center Holdings, Inc. The company plans to use the net proceeds from this offering to redeem all of the issuer’s outstanding 6.750% senior unsecured notes due July 1, 2025, and 10.000% senior unsecured notes due April 15, 2027, in addition to paying accrued interest on such notes and related fees and expenses. The excess proceeds from this offering will be used for general corporate purposes, including funding future acquisitions.
Surgery Partners, headquartered in Brentwood, Tennessee, is a leading healthcare services company with a differentiated outpatient delivery model focused on providing high-quality, cost-effective solutions for surgical and related ancillary care. Founded in 2004, the company operates more than 180 locations in 33 states, including ambulatory surgery centers, surgical hospitals, multi-specialty physician practices, and urgent care facilities.
Today the company's shares have moved 0.2% to a price of $28.64. For more information, read the company's full 8-K submission here.
