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, 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 the company’s credit facilities. The company expects to deliver a conditional notice of redemption to holders of its outstanding 2027 notes, subject to the successful completion of the offering of the 2031 notes.
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. The company provides a comprehensive network of quality healthcare professionals and delivers a fully integrated and customizable suite of workforce technologies. The market has reacted to these announcements by moving the company's shares -2.46% to a price of $18.66. If you want to know more, read the company's complete 8-K report here.
