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LifePoint Health Commences Offer to Purchase up to $91.5 million of 8.25% Senior Secured Notes due 2023

February 3, 2020 GMT

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Feb 3, 2020--

LifePoint Health®, a leading healthcare company dedicated to Making Communities Healthier®, today announced that it has commenced an asset sale offer to purchase for cash (the “Asset Sale Offer”) up to $91.5 million (the “Offer Amount”) of the Company’s outstanding 8.25% Senior Secured Notes due 2023 (the “Notes”), at a price equal to 100% of the aggregate principal amount of such Notes, plus accrued and unpaid interest to, but excluding, the settlement date. The Asset Sale Offer is being made pursuant to the indenture governing the Notes (the “Indenture”) and an Offer to Purchase, dated February 3, 2020, which more fully set forth the terms and conditions of the Asset Sale Offer.

Title of Security

 

CUSIP Number

 

Principal Amount Outstanding

 

Purchase Price (1)

8.25% Senior Secured
Notes due 2023

144A: 75915Q AC2
Reg. S: U7586L AB3

$800,000,000

$1,000.00 plus accrued and unpaid
interest to (but excluding) the
settlement date

(1) Per $1,000.00 principal amount of Notes validly tendered and accepted for purchase.

The Asset Sale Offer will expire at 5:00 P.M., Eastern Time, on March 3, 2020, unless extended by the Company. The Company will accept for payment all Notes that are validly tendered pursuant to the Asset Sale Offer and not validly withdrawn, subject to the Offer Amount. If less than the Offer Amount has been tendered, the Company will purchase all Notes that are validly tendered and not withdrawn in this Offer. If the aggregate principal amount of Notes tendered in the Asset Sale Offer exceeds the Offer Amount, the Notes to be purchased in the Asset Sale Offer will be selected for purchase pursuant to the terms of the Indenture. Any Notes not tendered and accepted for payment hereunder will remain outstanding and will continue to accrue interest, if any, under the Indenture.

This press release does not constitute a notice of redemption under the optional redemption provisions of the Indenture, nor does it constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

About LifePoint Health®

LifePoint Health® is a leading healthcare company dedicated to Making Communities Healthier®. Through its subsidiaries, it provides quality inpatient, outpatient and post-acute services close to home. LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across the country. It is the sole community healthcare provider in the majority of the non-urban communities it serves. More information about the company can be found at www.LifePointHealth.net.

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include any statements that address future results or occurrences. In some cases you can identify forward-looking statements by terminology such as “may,” “might,” “will,” should,” “ “could” or the negatives thereof. Generally, the words “anticipate,” “believe,” “continue,” “expect,” “intend,” “estimate, ”project,” “plan” and similar expressions identify forward-looking statements. In particular, statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance contained elsewhere in this press release are forward-looking statements. These forward-looking statements include statements that are not historical facts, including statements concerning our possible or assumed future actions and business strategies. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, many of which are outside of our control, which could cause our actual results, performance or achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments. Statements in this press release are made as of the date hereof. New factors emerge from time to time that could cause our actual results to differ, and it is not possible to predict all such factors.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200203005603/en/

CONTACT: Michelle Augusty

Vice President, Communications

615-920-7654

Michelle.augusty@lpnt.net

KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE

INDUSTRY KEYWORD: HEALTH HOSPITALS

SOURCE: LifePoint Health

Copyright Business Wire 2020.

PUB: 02/03/2020 11:37 AM/DISC: 02/03/2020 11:37 AM

http://www.businesswire.com/news/home/20200203005603/en