LifePoint upsizes debt sale

Hospital company LifePoint Health will soon have more cash in the bank than expected. The company's offering of eight-year senior notes grew Thursday to $500 million from $300 million and has been priced at 5.875 percent. Executives plan to use the moeny for general corporate purposes, including acquisitions and share buybacks. LifePoint stock (Ticker: LPNT) was up more than 1 percent to nearly $70 early Friday.

Nov 20, 2015 11:23 AM

LifePoint looks to add $300M to war chest

LifePoint Health executives are going to the debt market to raise $300 million in eight-year senior debt for all-encompassing "general corporate purposes." We don't have details yet about the terms of that funding, but the Brentwood-based hospital owner says it might spend the money on acquisitions or to buy back its shares. LifePoint shares (Ticker: LPNT) this morning are down some 5 percent to about $70.25. They've dropped about 7 percent over the past six months.

Nov 19, 2015 9:53 AM

NHI sells $100M via private placement

National Health Investors executives have sold $100 million of debt to a private placement lender. The money raised was split evenly between eight-year notes with a coupon of 3.99 percent and 10-year notes paying 4.33 percent. Both series are unsecured and were used to pay down debt on NHI's $550 million revolving credit line, which is the company's (Ticker: NHI) only debt with a variable interest rate.

Nov 5, 2015 7:06 AM

Logan's leaders map out path to doubling EBITDA

Q4 loss shrinks to nearly $23M; Blackstone bondholder group negotiates director spot
Oct 19, 2015 7:20 AM

Surgery Partners adds debt capacity

Expansion with new lenders come shortly after so-so IPO
Oct 12, 2015 7:14 AM

NHC beefs up BofA credit line

National HealthCare Corp. and Bank of America have agreed to a new $175 million line of credit that will replace the companies' $75 million deal, which was to have expired Oct. 21. NHC CEO Robert Adams says the new line will let his team complete the roughly $170 million redemption of their preferred shares while continuing to invest in their regular businesses. The credit line will mature on five years.

Shares of Murfreesboro-based NHC (Ticker: NHC) are changing hands this morning around $63.30, flat on the day and for the year.

Oct 8, 2015 11:04 AM

CCA to raise $200M+ in debt

Update: The notes will have a yield of 5 percent.

Corrections Corp. of America executives plan to raise nearly $250 million in seven-year debt and plan to use that money to retire almost half of the $563 million they have outstanding on their revolving credit line, which matures in mid-2020. No word yet on the interest CCA will pay on the new notes, but here's the prospectus and here's what Fitch Ratings has to say about CCA's plans. Nashville-based CCA (Ticker: CXW) has about $1.2 billion in total debt outstanding.

Sep 21, 2015 2:29 PM

Acadia announces big debt sale

Company will use some of the funding to refinance senior notes
Sep 14, 2015 12:01 PM

Pinnacle prices $60M debt offering

Pinnacle Financial Partners executives plan to issue $60 million in debt to help fund their planned acquisitions of CapitalMark Bank & Trust and Magna Bank and redeem their loan with US Bank. The notes, which were priced this morning in a combo fixed-variable setup, will mature in 10 years.

Jul 27, 2015 2:14 PM

CCA extends, grows revolving debt package

Corrections Corp. of America executives this week amended their main revolving debt facility, extending its maturity date by two and a half years to mid-2020 and lowering by 25 basis points the margin on its base rate and LIBOR rate loans, among other things. The amendment also boosts the company's "accordion" feature by $250 million to $350 million. CCA shares (Ticker: CXW) are up slightly this morning to $34.66. Year to date, they've slipped about 5 percent.

Jul 24, 2015 9:09 AM