Encompass Health issues notice for redemption of $400 million of its 5.75% senior notes due 2024

BIRMINGHAM, Ala., Sept. 20, 2019 /PRNewswire/ — Encompass Health Corporation (EHC) today issued notice for redemption of $400 million of the outstanding principal balance of its 5.75% senior notes due 2024 (the “2024 Notes”). Pursuant to the terms of the 2024 Notes, this optional partial redemption will settle on November 1, 2019 and will be made at a price of 100.958%. As a result of this redemption, the Company expects to record an approximate $5 million loss on early extinguishment of debt in the fourth quarter of 2019.

source https://finance.yahoo.com/news/encompass-health-issues-notice-redemption-203500699.html?.tsrc=rss

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