AMN Healthcare Sets Stage for $400 Million Note Offering
AMN Healthcare's Private Offering Announcement
AMN Healthcare Services, Inc., a key player in the healthcare staffing industry, has recently declared its intentions to initiate a private offering of $400 million in senior unsecured notes due in 2031. This strategic move aims to enhance the company's financial flexibility and support its ongoing growth initiatives. The offering will be executed by AMN Healthcare, Inc., a wholly owned subsidiary of AMN.
Utilization of Proceeds from the Offering
The proceeds garnered from this offering, in conjunction with existing cash and borrowings from the secured revolving credit facility, will be strategically channeled to execute several goals. Notably, these funds will enable AMN to redeem all of its existing $500 million in senior unsecured notes that are due in 2027. Additionally, the proceeds will address any fees and expenses related to the offering, ensuring a seamless execution process.
Conditional Notice of Redemption
Upon the successful execution of the offering, AMN intends to provide a Conditional Notice of Redemption to the holders of its current 2027 Notes. This notice will underscore the company's intent to redeem the full $500 million in outstanding notes, aligning with its strategy to optimize its debt obligations.
Investment Opportunity and Regulatory Compliance
The newly issued notes, referred to as the 2031 Notes, will be available exclusively to qualified institutional buyers, adhering to Rule 144A under the Securities Act of 1933. Furthermore, non-U.S. buyers outside of the United States will also have access to this offering, compliant with Regulation S. It’s important to note that these notes will not be registered under the Securities Act and thus cannot be offered or sold within the United States without proper registration or an exemption.
About AMN Healthcare
AMN Healthcare stands at the forefront of total talent solutions in the healthcare sector, focusing on delivering efficient staffing and administrative solutions. The company prides itself on its commitment to address critical workforce challenges within healthcare. By fostering partnerships with healthcare organizations, AMN has made significant strides in ensuring that quality care reaches those in need. Throughout the past year, AMN’s healthcare professionals have provided services to nearly 15 million patients across more than 2,100 healthcare systems nationwide, establishing itself as a trusted and essential resource in the industry.
Company Contact Information
For further information regarding this offering or AMN Healthcare's initiatives, interested parties are encouraged to reach out to:
Randle Reece
Vice President, Investor Relations & Strategy
866-861-3229
Frequently Asked Questions
What is the purpose of the $400 million offering?
The funds raised will be primarily used to redeem existing senior unsecured notes and cover related fees and expenses.
Who can purchase the 2031 Notes?
The offering is available to qualified institutional buyers and non-U.S. persons in compliance with specific regulations.
What will AMN do with the proceeds?
AMN plans to use the proceeds to strengthen its financial position and support its growth strategy by redeeming existing debt.
How many patients did AMN Healthcare serve recently?
In 2024, AMN Healthcare reached nearly 15 million patients across over 2,100 healthcare systems.
Who is the point of contact for inquiries?
Randle Reece is the Vice President of Investor Relations and can be contacted at 866-861-3229 for more details.
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