Encompass Health Issues Notice for Partial Redemption of Its 5.75% Senior Notes Due 2025
Group 1 - Encompass Health Corporation announced the redemption of $100 million of its 5.75% senior notes due 2025, with a redemption date set for November 21, 2024, at a price of 100.0% of par plus accrued interest [1] - The company plans to utilize cash on hand for the redemption and anticipates recording an approximate $0.2 million loss on early extinguishment of debt in Q4 2024 [1] Group 2 - Encompass Health is the largest owner and operator of rehabilitation hospitals in the United States, with 165 hospitals across 38 states and Puerto Rico [2] - The company is recognized for providing high-quality rehabilitative care and has received accolades such as being ranked among Fortune's World's Most Admired Companies [2]