Article: LifePoint Hospitals, Inc. Obtains Senior Subordinated Financing and Announces Completion of Redemption of Historic LifePoint's 4 1/2% Convertible Subordinated Notes.

BRENTWOOD, Tenn. -- LifePoint Hospitals, Inc. ("LifePoint Hospitals") (NASDAQ: LPNT) today announced that it has entered into a new $192,000,000 senior subordinated credit agreement with Citicorp North America, Inc., as administrative agent, and the lenders party thereto. The proceeds of the borrowing were loaned to LifePoint Hospitals' wholly owned subsidiary, Historic LifePoint Hospitals, Inc. ("Historic LifePoint"), and are being used by Historic LifePoint to pay the redemption price for $185,126,000 outstanding principal amount of its 4 1/2% Convertible Subordinated Notes due 2009. As previously announced, the notes were called for redemption at a redemption price of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!