Province Healthcare Announces Tender Offer Price for Its 7-1/2% Senior Subordinated Notes Due 2013
2005年4月13日 - 10:30PM
PRニュース・ワイアー (英語)
Province Healthcare Announces Tender Offer Price for Its 7-1/2%
Senior Subordinated Notes Due 2013 BRENTWOOD, Tenn., April 13
/PRNewswire-FirstCall/ -- Province Healthcare Company ("Province
Healthcare") (NYSE:PRV) announced today that, in connection with
its cash tender offer and consent solicitation for any and all of
its $200,000,000 outstanding principal amount of 7-1/2% Senior
Subordinated Notes due 2013 (CUSIP No. 743977AF7) (the "Notes"),
Province Healthcare will pay $1,120.43 for each $1,000 principal
amount of Notes purchased in the tender offer, plus accrued and
unpaid interest up to, but not including, the date of payment for
the Notes. The purchase price includes a consent payment of $20.00
per $1,000 principal amount of Notes. Holders of the Notes who have
validly tendered, and not withdrawn, their notes pursuant to the
tender offer at or prior to 12:00 midnight, New York City time, on
March 31, 2005 will receive the consent payment. The purchase price
for each $1,000 principal amount of Notes validly tendered and
accepted for purchase was determined by reference to a fixed spread
of 50 basis points over the yield (as reported by Bloomberg
Government Pricing Monitor on "Page PX5" at 2:00 p.m., New York
City time, on April 12, 2005) of the 2.625% U.S. Treasury Note due
May 15, 2008. The tender offer is scheduled to expire at 12:00
midnight, New York City time, on April 15, 2005, unless extended or
earlier terminated. Province Healthcare currently expects to accept
for payment on April 15, 2005, any previously tendered Notes and to
accept for payment any Notes tendered after such time but on or
prior to the expiration date, on April 18, 2005, subject in each
case to satisfaction or waiver of all conditions precedent to the
consummation of the previously announced business combination with
LifePoint Hospitals, Inc. ("LifePoint Hospitals") and certain other
conditions described in more detail in the Offer to Purchase and
Consent Solicitation Statement. The tender offer and consent
solicitation are being made pursuant to the Offer to Purchase and
Consent Solicitation Statement and related Consent and Letter of
Transmittal. Copies of these documents may be obtained from Global
Bondholder Services Corporation, the information agent for the
tender offer and consent solicitation, at (866) 804-2200 (U.S.
toll-free) and (212) 430-3774 (collect). Province Healthcare has
retained Citigroup Global Markets Inc. to serve as the dealer
manager and solicitation agent for the tender offer and the consent
solicitation. Questions regarding the tender offer and consent
solicitation may be directed to Citigroup Global Markets Inc.,
Liability Management Group, at (800) 558-3745 (U.S. toll free) and
(212) 723-6106 (collect). In connection with the proposed
transaction between LifePoint Hospitals and Province Healthcare,
Lakers Holding Corp., Delaware corporation formed as part of the
proposed transactions ("Lakers Holding"), has filed with the
Securities and Exchange Commission (the "SEC") a joint proxy
statement/prospectus, as part of a Registration Statement on Form
S-4, as amended, and other relevant materials. The definitive joint
proxy statement/prospectus was mailed to the stockholders of
LifePoint Hospitals and Province Healthcare on or about February
22, 2005. Investors and security holders are advised to read the
joint proxy statement/prospectus and other relevant materials when
they become available, as well as any amendments or supplements to
those documents, because they will contain important information
about Lakers Holding, LifePoint Hospitals, Province Healthcare and
the proposed transaction. In addition, the joint proxy
statement/prospectus and other relevant materials filed by
LifePoint Hospitals or Province Healthcare with the SEC may be
obtained free of charge at the SEC's web site at
http://www.sec.gov/ . In addition, investors and security holders
may obtain free copies of the documents filed with the SEC by
LifePoint Hospitals or Lakers Holding by contacting Investor
Relations, LifePoint Hospitals, Inc., 103 Powell Court, Suite 200,
Brentwood, Tennessee, 37027, Phone: (615) 372- 8500 and by Province
Healthcare by contacting Investor Relations, Province Healthcare
Company, 105 Westwood Place, Suite 400, Brentwood, Tennessee,
37027, Phone: (615) 370-1377. This document may contain statements
that constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical fact are statements
that could be deemed forward-looking statements. Such forward-
looking statements, particularly those statements regarding the
effects of the merger, reflect LifePoint Hospitals, Inc.'s and
Province Healthcare Company's current expectations and beliefs, are
not guarantees of performance of LifePoint Hospitals or the newly
formed combined entity and are subject to a number of risks,
uncertainties, assumptions and other factors that could cause
actual results to differ materially from those described in the
forward- looking statements. For example, such risks,
uncertainties, assumptions and other factors include, without
limitation, the possibility that (1) problems may arise in
successfully integrating the businesses of the two companies; (2)
the acquisition may involve unexpected costs; (3) the combined
company may be unable to achieve cost-cutting synergies; (4) the
businesses may suffer as a result of uncertainty surrounding the
acquisition; and (5) the combined company may be subject to future
regulatory or legislative actions. For a further discussion of
these and other risks, uncertainties, assumptions and other
factors, see the joint proxy statement/prospectus and LifePoint
Hospitals' and Province Healthcare's filings with the Securities
and Exchange Commission. LifePoint Hospitals and Province
Healthcare undertake no duty to update forward-looking statements.
DATASOURCE: Province Healthcare Company CONTACT: Christopher T.
Hannon, Senior Vice President and Chief Financial Officer of
Province Healthcare Company, +1-615-370-1377 Web site:
http://www.provincehealthcare.com/
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