LifePoint Health, Inc. Announces Pricing of Offering of $500 Million of 5.875% Senior Notes

BRENTWOOD, Tenn.--(BUSINESS WIRE)-- LifePoint Health, Inc. (NASDAQ: LPNT) announced today the pricing of $500 million in aggregate principal amount of 5.875% Senior Notes due 2023 (the “Notes”). The aggregate principal amount of the Notes offered was increased from $300 million. The Notes will be senior unsecured obligations of the Company and will be guaranteed by certain of the Company’s existing and future domestic subsidiaries. The Notes are being offered to the public at a price of 100% of the principal amount and will bear interest at a rate of 5.875% per annum and mature on December 1, 2023. The Company will pay interest on the Notes semi-annually on June 1 and December 1 of each year, commencing on June 1, 2016.

Citigroup Global Markets Inc., Barclays Capital Inc., BofA Merrill Lynch, Goldman, Sachs & Co., J.P. Morgan Securities LLC and UBS Investment Bank are acting as joint book-running managers for the offering and Fifth Third Securities, Inc., Mitsubishi UFJ Securities (USA), Inc., SunTrust Robinson Humphrey, Inc., Credit Agricole Securities (USA) Inc., Regions Securities LLC, and SMBC Nikko Securities America, Inc. are acting as co-managers for the offering.

The offering will be made under a shelf registration statement that was filed with the U.S. Securities and Exchange Commission and became automatically effective on February 27, 2015. The offering of the Notes may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from: Citigroup Global Markets Inc., c/o Broadridge Financial Statements, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 1-(800) 831-9146 or by email at [email protected].

The Company intends to use the net proceeds of the offering for general corporate purposes, including, but not limited to, the financing of possible acquisitions and repurchases of the Company’s outstanding common stock from time to time. The closing of the sale of the Notes is expected to occur on December 4, 2015, and is subject to the satisfaction of customary closing conditions.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Notes and related subsidiary guarantees in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About LifePoint Health

LifePoint Health is a leading healthcare company dedicated to Making Communities Healthier®. Through its subsidiaries, it provides quality inpatient, outpatient and post-acute services close to home. LifePoint owns and operates community hospitals, regional health systems, physician practices, outpatient centers, and post-acute facilities in 21 states. It is the sole community healthcare provider in the majority of the non-urban communities it serves. All references to “LifePoint,” “LifePoint Health” or the “Company” used in this release refer to affiliates or subsidiaries of LifePoint Health, Inc.

Forward-looking Statements

In addition to historical information, this release may contain certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, together with other statements that are not historical, are based on management’s current expectations and involve known and unknown risks, uncertainties, contingencies and other factors that could cause results, performance or achievements to differ materially from those stated. The most significant of these risks and uncertainties are described in the Company’s Form 10-K, Form 10-Q and Form 8-K reports filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, the Company’s actual results, performance or achievements could differ materially from those expressed in, or implied by, such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as otherwise required by law, the Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151119006766/en/

LifePoint Health, Inc.
Leif Murphy, 615-920-7664
Executive Vice President and Chief Financial Officer

Source: LifePoint Health, Inc.

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