BIRMINGHAM, Ala., Oct. 2, 2017 /PRNewswire/ -- HealthSouth
Corporation (NYSE:HLS) today announced it has amended the credit
agreement governing its senior secured credit facility. The
amendment increased the size of its revolver from $600 million to $700
million, decreased the balance of its term loan facilities
by approximately $110 million to $300
million, reduced the spread used to calculate the applicable
interest rate by 25 basis points, extended the agreement's maturity
by two years to 2022, and changed the covenants to, among other
things, allow for additional investment and restricted payment
capacity and additional capacity for capital expenditures.
The Company intends to file a Form 8-K related to the amended
credit agreement with the Securities and Exchange Commission. When
filed, that Form 8-K will also be available on the Company's
website at http://investor.healthsouth.com under SEC filings.
About HealthSouth
HealthSouth is one of the nation's largest providers of
post-acute healthcare services, offering both facility-based and
home-based patient care in 36 states and Puerto Rico through its network of inpatient
rehabilitation hospitals, home health agencies, and hospice
agencies. HealthSouth can be found on the Web at
www.healthsouth.com.
Forward-Looking Statements
Statements contained in this press release which are not
historical facts are forward-looking statements. In addition,
HealthSouth, through its senior management, may from time to time
make forward-looking public statements concerning the matters
described herein. All such estimates, projections, and
forward-looking information speak only as of the date hereof, and
HealthSouth undertakes no duty to publicly update or revise such
forward-looking information, whether as a result of new
information, future events, or otherwise. Such forward-looking
statements are necessarily estimates based upon current information
and involve a number of risks and uncertainties. Actual events or
results may differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors.
While it is impossible to identify all such factors, factors which
could cause actual events or results to differ materially from
those estimated by HealthSouth include, but are not limited to,
HealthSouth's ability to comply with extensive, complex, and
ever-changing regulations in the healthcare industry; any adverse
outcome of various lawsuits, claims, and legal or regulatory
proceedings involving HealthSouth, including its pending DOJ and
HHS-OIG investigations and any matters related to yet undiscovered
issues, if any, at acquired companies; potential disruptions,
breaches, or other incidents affecting the proper operation,
availability, or security of HealthSouth's information systems,
including unauthorized access to or theft of patient, business
associate, or other sensitive information; changes, delays in
(including in connection with resolution of Medicare payment
reviews or appeals), or suspension of reimbursement for
HealthSouth's services by governmental or private payors; and other
factors which may be identified from time to time in HealthSouth's
SEC filings and other public announcements, including HealthSouth's
Form 10-K for the year ended December 31, 2016 and Form
10-Q for the quarters ended June 30,
2017 and March 31, 2017.
Media Contact
Casey Lassiter, 205-410-2777
casey.lassiter@healthsouth.com
Investor Relations Contact
Crissy Carlisle, 205-970-5860
crissy.carlisle@healthsouth.com
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SOURCE HealthSouth Corporation