Owens & Minor Announces Closing of New Offering of $550 Million of Senior Notes and Delivery of Notice of Redemption
September 16 2014 - 4:53PM
Business Wire
Owens & Minor, Inc. (NYSE: OMI) announced today that it has
successfully completed its previously announced public offering of
$275 million of 3.875% Senior Notes due 2021 and $275 million of
4.375% Senior Notes due 2024. The new notes were offered pursuant
to an effective shelf registration statement filed with the
Securities and Exchange Commission (SEC). The new notes are
guaranteed on a senior unsecured basis by Owens & Minor
Distribution, Inc. and Owens & Minor Medical, Inc., both
wholly-owned subsidiaries of the company. Owens & Minor intends
to use the proceeds from the offering to fund its previously
announced acquisition of Medical Action Industries Inc., to fund
the redemption of all of its outstanding 6.35% Senior Notes due
2016 (2016 Notes) and for other general corporate purposes.
Owens & Minor also announced today that it has directed the
trustee under the indenture governing the 2016 Notes to issue
notice of redemption to the holders of all outstanding 2016 Notes.
All outstanding 2016 Notes will be redeemed on October 16, 2014 at
a make-whole redemption price, calculated in accordance with the
indenture governing the 2016 Notes.
This press release shall not constitute an offer to sell nor the
solicitation of an offer to buy any of these securities, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
Safe Harbor Statement
Except for historical information, the matters discussed in this
press release may constitute forward-looking statements that
involve risks and uncertainties that could cause actual results to
differ materially from those projected. These risk factors are
discussed in reports filed by Owens & Minor with the SEC. All
of this information is available at www.owens-minor.com.
Owens & Minor assumes no obligation, and expressly disclaims
any such obligation, to update or alter information, whether as a
result of new information, future events, or otherwise, other than
as required by law.
Owens & Minor, Inc.
(NYSE:OMI) is a leading healthcare logistics company dedicated to
Connecting the World of Medical Products to the Point of CareTM by
providing vital supply chain services to healthcare providers and
manufacturers of healthcare products. Owens & Minor provides
logistics services across the spectrum of medical products from
disposable medical supplies to devices and implants. With logistics
platforms strategically located in the United States and Europe,
Owens & Minor serves markets where three quarters of global
healthcare spending occurs. Owens & Minor’s customers span the
healthcare market from independent hospitals to large integrated
healthcare networks, as well as group purchasing organizations,
healthcare products manufacturers and the federal government. A
FORTUNE 500 company, Owens & Minor is headquartered in
Richmond, Virginia, and has annualized revenues exceeding $9
billion. For more information about Owens & Minor, visit the
company website at www.owens-minor.com.
Owens & Minor, Inc.Trudi Allcott, Director, Investor &
Media Relations, 804-723-7555truitt.allcott@owens-minor.comorChuck
Graves, Director, Finance & Investor Relations,
804-723-7556chuck.graves@owens-minor.com
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