AMN Healthcare Services, Inc. (NYSE: AMN) has announced the launch of a $400.0 million offering of senior unsecured notes due 2031 by its wholly owned subsidiary, AMN Healthcare, Inc. The company plans to use the proceeds from this private offering, along with cash on hand and borrowings under its secured revolving credit facility, to redeem all of its $500.0 million aggregate principal amount of 4.625% senior unsecured notes due 2027 outstanding and to pay fees and expenses related to the offering.
The 2031 notes will be guaranteed by the company’s affiliates that guarantee its credit facilities. It is worth noting that the 2031 notes will be offered only to qualified institutional buyers and non-U.S. persons outside of the United States.
In 2024, AMN Healthcare's healthcare professionals reached nearly 15 million patients at more than 2,100 healthcare systems, including 87 percent of the top healthcare systems nationwide.
This announcement comes as AMN Healthcare continues to solidify its position as the leader and innovator in total talent solutions for healthcare, emphasizing its steadfast partnership approach to solving pressing workforce challenges and enabling better clinical outcomes and access to care. Following these announcements, the company's shares moved 2.19%, and are now trading at a price of $19.13. Check out the company's full 8-K submission here.
