The Nashville-based company will use the sale’s net proceeds to pay of its outstanding borrowings under its $350 million senior secured credit line and repurchase $70.8 million of payment-in-kind toggle notes, which allow the company to pay interest by issuing more debt.
Read previous Becker’s coverage on Symbion’s debt offering.
Related Articles on Symbion:
29 Great Presidents and CEOs in the Surgery Center Industry
Symbion Q1 Revenue Increases Nearly 31 Percent
5 Best Practices for Thriving Orthopedic Surgery Centers
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
