AMN Healthcare launches $400M offering of senior notes

AMN Healthcare (AMN) Services intends to make a private offering of $400.0 million aggregate principal amount of senior unsecured notes due 2031, subject to market and other conditions. The 2031 Notes will be guaranteed by the Company’s affiliates that guarantee the Company’s credit facilities. The Company intends to use the proceeds from the private offering, together with cash on hand and borrowings under the Company’s secured revolving credit facility, to redeem all of the $500.0 million aggregate principal amount of its 4.625% senior unsecured notes due 2027 outstanding and to pay fees and expenses related to the offering. The Company expects to deliver a Conditional Notice of Redemption to holders of its outstanding 2027 Notes, which will provide for the redemption by the Company of all of the $500.0 million aggregate principal amount of 2027 Notes outstanding, subject to the successful completion of offering of the 2031 Notes.