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Article: RehabCare Announces Public Offering of Its Common Stock.
- Article from:
- Business Wire
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ST. LOUIS -- RehabCare Group, Inc. (NYSE: RHB) announced today it has commenced an underwritten public offering of 4,350,000 shares of its common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The underwriters will have a 30-day option to purchase an additional 652,500 shares of common stock from the Company at the public offering price, less underwriting discounts and commissions, solely to cover over-allotments, if any.
The Company intends to use the net proceeds from the offering, together with borrowings under the Company's new senior credit facilities and cash on hand, to pay the ...