Gentiva to kick off $305 million eight-year note offering Wednesday

By Paul A. Harris

St. Louis, Aug. 3 - Gentiva Health Services Inc. will launch its $305 million offering of eight-year senior unsecured notes on Wednesday, according to an informed source.

A roadshow will get underway on Thursday in New York.

The deal is expected to price on Aug. 11.

Barclays Capital Inc., Bank of America Merrill Lynch and SunTrust Robinson Humphrey Inc. are the joint bookrunners for the Rule 144A with registration rights offering.

The notes come with four years of call protection.

Proceeds will be used to help finance the acquisition of Odyssey HealthCare Inc. and to refinance debt.

Gentiva is an Atlanta-based home health care provider. Odyssey is a Dallas-based provider of hospice care.

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