BIRMINGHAM, Ala., July 15,
2024 /PRNewswire/ -- Encompass Health Corporation
(NYSE: EHC) today issued notice for redemption of $150 million of the outstanding principal balance
of its 5.75% senior notes due 2025 (the "2025 Notes"). The
associated redemption date will be August
15, 2024, and the redemption price will be 100.0% of par,
plus accrued and unpaid interest pursuant to the terms of the 2025
Notes. The Company plans to use cash on hand to fund the
redemption. As a result of this redemption, the Company expects to
record an approximate $0.4 million
loss on early extinguishment of debt in the third quarter of
2024.
About Encompass Health
Encompass Health (NYSE:
EHC) is the largest owner and operator of rehabilitation hospitals
in the United States. With a
national footprint that includes 163 hospitals in 37 states and
Puerto Rico, the Company provides
high-quality, compassionate rehabilitative care for patients
recovering from a major injury or illness, using advanced
technology and innovative treatments to maximize recovery.
Encompass Health is ranked as one of Fortune's World's Most Admired
Companies and Modern Healthcare's Best Places to Work in
Healthcare. For more information, visit encompasshealth.com, or
follow us on our newsroom, Twitter, Instagram and
Facebook.
Forward-Looking Statements
Statements contained in this press release which are not
historical facts are forward-looking statements. In addition,
Encompass Health, through its senior management, may from time to
time make forward-looking public statements concerning the matters
described herein. All such estimates, projections, and
forward-looking information speak only as of the date hereof, and
Encompass Health undertakes no duty to publicly update or revise
such forward-looking information, whether as a result of new
information, future events, or otherwise. Such forward-looking
statements are necessarily estimates based upon current information
and involve a number of risks and uncertainties. Actual events or
results may differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors.
While it is impossible to identify all such factors, factors which
could cause actual events or results to differ materially from
those estimated by Encompass Health include, but are not limited
to, potential disruptions, breaches, or other incidents affecting
the proper operation, availability, or security of Encompass
Health's information systems, including unauthorized access to or
theft of patient, business associate, or other sensitive
information; changes, delays in (including in connection with
resolution of Medicare payment reviews or appeals), or suspension
of reimbursement for Encompass Health's services by governmental or
private payors; a significant market disruption; and other factors
which may be identified from time to time in Encompass Health's SEC
filings and other public announcements, including its Form 10-K for
the year ended Dec. 31, 2023 and Form
10-Q for the quarter ended Mar. 31,
2024.
Media contact:
Polly Manuel |
205.970.5912
polly.manuel@encompasshealth.com
Investor Relations contact:
Mark Miller | 205.970.5860
Mark.Miller@encompasshealth.com
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SOURCE Encompass Health Corp.