Encompass Health Rehab Hosp of Northern Virginia recently issued the following announcement.
Encompass Health Corporation (NYSE: EHC) today issued notice for redemption of the remaining $100 million of the outstanding principal balance of its 5.125% senior notes due 2023 (the “2023 Notes”).
The associated redemption date will be March 15, 2022, and the redemption price will be 100.0% of par, plus accrued and unpaid interest pursuant to the terms of the 2023 Notes.
The Company plans to use cash on hand and drawings under its revolving credit facility to fund the redemption.
As a result of this redemption, the Company expects to record an approximate $0.3 million loss on early extinguishment of debt in the first quarter of 2022.
Original source can be found here.
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