Select Medical Holdings Corporation Closes Offering of $550 Million of 6.250% Senior Notes due 2032 by Select Medical Corporation

Core Viewpoint - Select Medical Holdings Corporation has successfully completed a private offering of $550 million in senior notes, which will be used to refinance existing debt and cover related expenses [1][2]. Group 1: Offering Details - Select Medical Corporation, a subsidiary of Select Medical Holdings, issued$550 million in 6.250% senior notes due 2032 [1]. - The notes are senior unsecured obligations and are guaranteed by certain existing and future domestic subsidiaries of Select [1]. Group 2: Use of Proceeds - The net proceeds from the offering, along with funds from a new incremental term loan and cash on hand, will be utilized to fully repay existing term loans under the senior secured credit agreement [2]. - The proceeds will also be used to redeem all outstanding 6.250% senior notes due 2026 and to cover associated fees and expenses [2]. Group 3: Regulatory Information - The notes and related guarantees have not been registered under the Securities Act of 1933 and are offered only to qualified institutional buyers and certain non-U.S. persons [3]. - The offering is conducted in compliance with Rule 144A and Regulation S under the Securities Act [3].