LifePoint Health Commences Offer to Purchase up to $91.5 million of 8.25% Senior Secured Notes due 2023
Date Posted: Feb 3, 2020

Brentwood, Tenn. (February 3, 2020) — LifePoint Health®, a leading healthcare company dedicated to Making Communities Healthier®, today announced that it has commenced an asset sale offer to purchase for cash (the “Asset Sale Offer”) up to $91.5 million (the “Offer Amount”) of the Company’s outstanding 8.25% Senior Secured Notes due 2023 (the “Notes”), at a price equal to 100% of the aggregate principal amount of such Notes, plus accrued and unpaid interest to, but excluding, the settlement date. The Asset Sale Offer is being made pursuant to the indenture governing the Notes (the “Indenture”) and an Offer to Purchase, dated February 3, 2020, which more fully set forth the terms and conditions of the Asset Sale Offer. 

Title of Security

CUSIP Number

Principal Amount Outstanding

Purchase Price(1)

8.25% Senior Secured Notes due 2023

144A: 75915Q AC2
Reg. S: U7586L AB3


$1,000.00 plus accrued and unpaid interest to (but excluding) the settlement date

(1) Per $1,000.00 principal amount of Notes validly tendered and accepted for purchase.

The Asset Sale Offer will expire at 5:00 P.M., Eastern Time, on March 3, 2020, unless extended by the Company. The Company will accept for payment all Notes that are validly tendered pursuant to the Asset Sale Offer and not validly withdrawn, subject to the Offer Amount.  If less than the Offer Amount has been tendered, the Company will purchase all Notes that are validly tendered and not withdrawn in this Offer.  If the aggregate principal amount of Notes tendered in the Asset Sale Offer exceeds the Offer Amount, the Notes to be purchased in the Asset Sale Offer will be selected for purchase pursuant to the terms of the Indenture.  Any Notes not tendered and accepted for payment hereunder will remain outstanding and will continue to accrue interest, if any, under the Indenture.

This press release does not constitute a notice of redemption under the optional redemption provisions of the Indenture, nor does it constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.

About LifePoint Health®

LifePoint Health® is a leading healthcare company dedicated to Making Communities Healthier®. Through its subsidiaries, it provides quality inpatient, outpatient and post-acute services close to home. LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers and post-acute facilities across the country. It is the sole community healthcare provider in the majority of the non-urban communities it serves. More information about the company can be found at

Forward Looking Statements

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Media Contact
Michelle Augusty
Vice President, Communications