Option Care Health (OPCH) Announces Proposed $350M Share Common Offering

Option Care Health, Inc. (NASDAQ: OPCH) announced today a proposed underwritten offering of $350 million of shares of its common stock, which includes $125 million of shares offered by the Company and $225 million of shares offered by an affiliate of Madison Dearborn Partners (the “Selling Stockholder”). In addition, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to $52.5 million of additional shares of common stock.

The Company intends to use the net proceeds received by the Company from the sale of shares of common stock in the offering to repay a portion of its senior secured second lien PIK toggle floating rate notes due 2027. The Selling Stockholder will receive all of the net proceeds from the sale of shares of common stock sold by it in the offering.

BofA Securities is acting as lead bookrunner with Barclays, Deutsche Bank Securities, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, SunTrust Robinson Humphrey, William Blair and Lake Street Capital Markets acting as bookrunners for the offering.

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