ResCare (RSCR) Announces $200M Senior Note Private Placement
ResCare, Inc. (Nasdaq: RSCR) announced that they plan on offering $200 million of Senior Notes due 2018 through a private placement.
Proceeds will be used to repurchase and retire the $150 million aggregate principal amount of its 7.75% Senior Notes Due 2013, to fund the second-step share exchange through which an affiliate of Onex Partners III, L.P. will complete the acquisition of all of the equity shares of ResCare, and for general corporate purposes.
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Proceeds will be used to repurchase and retire the $150 million aggregate principal amount of its 7.75% Senior Notes Due 2013, to fund the second-step share exchange through which an affiliate of Onex Partners III, L.P. will complete the acquisition of all of the equity shares of ResCare, and for general corporate purposes.
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