SAN DIEGO, Sept. 23, 2016 /PRNewswire/ -- AMN
Healthcare Services, Inc. (NYSE: AHS) announced today that its
subsidiary, AMN Healthcare, Inc. (the "Company"), priced its
previously announced private offering of senior notes due 2024 (the
"Senior Notes") and increased the offering size from $300 million to $325
million. The Senior Notes will bear an interest rate of
5.125% per annum and will be issued at 100.00% of their face value.
The Senior Notes will be guaranteed by the Company's affiliates
that guarantee the Company's credit facilities.
The Company intends to use the proceeds from the private
offering to (i) repay (1) $138.4
million of certain existing term loan indebtedness under the
Company's credit facilities, and (2) $182.5
million under the revolving portion of its credit facilities
and (ii) pay fees and expenses related to the offering.
The offering is expected to close October
3, 2016, subject to satisfaction of customary closing
conditions.
The Senior Notes will be offered to persons reasonably believed
to be qualified institutional buyers to Rule 144A under the
Securities Act of 1933, as amended (the "Securities Act"), and to
persons outside of the United
States in compliance with Regulation S under the Securities
Act. The Senior Notes will not be registered under the
Securities Act and may not be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the notes, nor shall it constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
About AMN Healthcare
AMN Healthcare is the leader and innovator in healthcare
workforce solutions and staffing services to healthcare facilities
across the nation. The Company provides unparalleled access to the
most comprehensive network of quality healthcare professionals
through its innovative recruitment strategies and breadth of career
opportunities. With insights and expertise, AMN Healthcare helps
providers optimize their workforce to successfully reduce
complexity, increase efficiency and improve patient outcomes. AMN
delivers managed services programs, healthcare executive search
solutions, vendor management systems, recruitment process
outsourcing, predictive modeling, medical coding and consulting,
and other services. Clients include acute-care hospitals, community
health centers and clinics, physician practice groups, retail and
urgent care centers, home health facilities and many other
healthcare settings.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Actual results could differ materially from those
discussed in, or implied by, these forward-looking statements.
Forward-looking statements are identified by words such as
"believe," "anticipate," "expect," "intend," "plan," "will," "may,"
"estimates," variations of such words and other similar
expressions. In addition, any statements that refer to
expectations, such as the anticipated closing date of the offering,
projections or other characterizations of future events or
circumstances are forward-looking statements. Factors that could
cause actual results to differ from those implied by the
forward-looking statements contained in this press release are set
forth in the Company's Annual Report on Form 10-K for the year
ended December 31, 2015 and its other
periodic reports as well as the Company's current and other reports
filed from time to time with the Securities and Exchange
Commission. Be advised that developments subsequent to this press
release are likely to cause these statements to become
outdated.
Contact:
David
Erdman
Director, Investor Relations
866.861.3229
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SOURCE AMN Healthcare Services, Inc.