Select Medical Holdings Corporation Closes Offering of $550 Million of 6.250% Senior Notes due 2032 by Select Medical Corporation
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Select Medical Holdings Corporation has successfully completed a private offering of $550 million in senior notes due 2032 with a 6.250% interest rate.
December 03, 2024 | 9:45 pm
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NEUTRAL IMPACT
Select Medical Holdings Corporation has completed a $550 million offering of 6.250% senior notes due 2032, which may impact its financial structure and credit profile.
The completion of the $550 million senior notes offering provides Select Medical with additional capital, potentially improving its liquidity and financial flexibility. However, the issuance of debt also increases the company's leverage, which could affect its credit profile. The impact on the stock price is neutral in the short term as the market may have already anticipated this move.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100