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Acelity Announces Proposed Private Offering of $190 Million of Additional 7. ...

- 18 Juin 2016 modifié le 1 Janvier 1970

(BUSINESS WIRE)-- Acelity L.P. Inc. (“Acelity”), a global advanced wound care and regenerative medicine company, announced today that its wholly-owned subsidiaries, Kinetic Concepts, Inc. (“KCI”) and KCI USA, Inc. (“KCI USA” and, together with KCI, the “Issuers”), intend, subject to market and other customary conditions, to offer $190 million in aggregate principal amount of 7.875% first lien senior secured notes due 2021 (the “Notes”) in a private offering. The Notes will be treated as a single series with the $400 million of 7.875% first lien senior secured notes due 2021 that were issued on February 9, 2016 by the Issuers.

The Issuers intend to use the net proceeds of the Notes offering, together with cash on hand, to repay the remaining portion of the non-extended term loan borrowings under the Issuers' Senior Dollar Term E-1 Credit Facility due to mature on May 4, 2018, together with accrued interest, and to pay fees and expenses related to such repayment and the Notes offering. ...

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