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LifePoint to pay down term loan B borrowings with notes proceeds
By Sara Rosenberg
New York, July 31 – LifePoint Health Inc. plans to repay a portion of its existing term loan B due 2025 as a result of an upsizing of its senior secured notes offering to $800 million from $600 million, according to a market source.
Remaining proceeds from the notes will be used to redeem all of the company’s outstanding 6¾% senior secured notes due 2025.
LifePoint is a Brentwood, Tenn.-based operator of general acute care hospitals, community hospitals, regional health systems, physician practices, outpatient centers and post-acute care facilities.
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