AMN Healthcare Secures $400 Million in Senior Notes Offering

AMN Healthcare Secures $400 Million in Senior Notes Offering

DALLAS — AMN Healthcare Services, Inc. (NYSE: AMN) has revealed a significant new financial maneuver. Its subsidiary, AMN Healthcare, Inc., has priced an impressive $400 million private offering of senior unsecured notes set to mature in 2031. Carrying a competitive interest rate of 6.500% per year, these notes are being released at full face value, ensuring an attractive opportunity for institutional investors.

Purpose of the Funding

Understanding the importance of smart financial management, AMN Healthcare plans to utilize the proceeds from this offering strategically. The first priority is to redeem all existing $500 million of their 4.625% senior unsecured notes maturing in 2027. This step is aimed at reducing overall interest expenses and freeing up resources for future investments.

Additionally, the company intends to cover related fees and expenses tied to the offering, ensuring a smooth transition into this new financial structure. This approach not only demonstrates AMN Healthcare's commitment to fiscal responsibility but also positions it for sustained growth in the competitive healthcare sector.

Details on Redemption Notice

In connection with this offering, a Conditional Notice of Redemption was issued to the holders of the 2027 Notes. This notice indicates the company’s intention to redeem the $500 million in outstanding notes. The redemption is set to take effect on a specific date, contingent upon the successful completion of the new 2031 Notes offering, demonstrating the company’s meticulous planning and dedication to its investors.

Closing Details

The anticipated closing of this offering is scheduled for early October, contingent upon customary conditions, further illustrating AMN Healthcare's commitment to adhering to standard financial protocols.

Investment Quality and Compliance

The 2031 Notes will be offered strictly to qualified institutional buyers, complying with Rule 144A of the Securities Act of 1933, along with non-U.S. investors in accordance with Regulation S. Notably, these notes will not be subjected to registration under the Securities Act, thereby limiting their availability only to specific investor classes.

About AMN Healthcare

AMN Healthcare stands as a beacon of innovation in the healthcare staffing sector. By concentrating on total talent solutions, the company fosters connections that enhance patient care through an effective combination of workforce technologies and a robust network of healthcare professionals. Remarkably, in 2024, AMN Healthcare professionals served nearly 15 million patients across over 2,100 healthcare systems, illustrating their deep-rooted presence in the industry. With a commitment to elevating clinical outcomes, AMN's partnerships range across 87% of top-tier healthcare systems nationwide, showcasing their trust in AMN’s capabilities to address workforce challenges.

Frequently Asked Questions

What is the purpose of AMN Healthcare's new notes offering?

The proceeds will be used to redeem existing senior notes and cover related expenses, enhancing financial flexibility.

When is the anticipated closing date for the offering?

The offering is expected to close in early October, subject to customary conditions.

Who can purchase the 2031 Notes?

They are available only to qualified institutional buyers and non-U.S. investors adhering to specific regulations.

How does this offering impact AMN Healthcare's financial strategy?

This strategic move aims to lower interest expenses and secure financial resources for future growth.

What is AMN Healthcare's role in the healthcare sector?

AMN Healthcare leads in total talent solutions, improving workforce efficiencies and patient care across healthcare systems.

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