Chemed Corporation Announces Redemption of All 8-3/4% Senior Notes Due 2011
May 07 2007 - 11:26AM
Business Wire
Chemed Corporation (�Chemed�) (NYSE:CHE) announced today the
completion on May 4, 2007, of its previously announced redemption
of the entire $150 million of its outstanding 8-3/4% Senior Notes
due 2011 (�Notes�). The redemption price was 104.375% of the
principal amount of the Notes together with accrued interest to the
redemption date. The redemption was funded with borrowings under
Chemed�s new credit facility, which it entered into on May 2, 2007.
Listed on the New York Stock Exchange and headquartered in
Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two
wholly owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS
is the nation's largest provider of end-of-life hospice care and
Roto-Rooter is the nation�s leading provider of plumbing and drain
cleaning services. Statements in this press release or in other
Chemed communications may relate to future events or Chemed�s
future performance. Such statements are forward-looking statements
and are based on present information Chemed has related to its
existing business circumstances. Investors are cautioned that such
forward-looking statements are subject to inherent risk that actual
results may differ materially from such forward-looking statements.
Further, investors are cautioned that Chemed does not assume any
obligation to update forward-looking statements based on
unanticipated events or changed expectations.
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