Option Care Health (OPCH) Prices 18M Share Common Offering at $12.50/Sh

Option Care Health, Inc. (NASDAQ: OPCH) announced today the pricing of an underwritten offering of 18,000,000 shares of its common stock, which includes 10,000,000 shares offered by the Company and 8,000,000 shares offered by an affiliate of Madison Dearborn Partners (the “Selling Stockholder”), at a price to the public of $12.50 per share. The Selling Stockholder has granted the underwriters a 30-day option to purchase up to 2,700,000 additional shares of common stock. The offering is expected to close on July 24, 2020, subject to customary closing conditions.

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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