HealthSouth Corporation (NYSE:HLS) today announced that it plans to commence a public offering of senior notes pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The Company intends to use the net proceeds from this offering of senior notes, together with cash on hand, to pay the consideration required in connection with the Company's tender offer for all of its outstanding floating rate senior notes due 2014, including any applicable accrued and unpaid interest on such notes, and redeem any floating rate senior notes due 2014 that may remain outstanding following completion of the tender offer, including the payment of any applicable accrued and unpaid interest on such notes.
J.P. Morgan Securities Inc., Barclays Capital Inc., and Goldman, Sachs & Co. will act as joint book-running managers of the debt offering.
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