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

CHS doubles stock buyback plans

New program will expire in '18 at the latest
Nov 9, 2015 8:09 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

American Blue Ribbon spinout on hold

Holding company owners mull splitting group into three
Oct 28, 2015 2:22 PM

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

S&P says Dollar General on right track, upgrades debt

Retailer plans nearly $2B in debt moves
Oct 15, 2015 12:19 PM

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

NHC buying back preferreds

$170M plan will redeem paper issued in '07 acquisition
Oct 5, 2015 7:04 AM