Here are five points:
1. Each Surgery Center Holdings’ domestic wholly owned subsidiary will guarantee the notes under its senior secured credit facilities.
2. It is not certain whether the offering of notes will be completed.
3. Surgery Partners and initial purchasers’ negotiations as well as market conditions will decide the notes’ interest rate and principal amount.
4. The company plans to use the net proceeds to repay the borrowings outstanding under its senior secured second lien credit facility.
5. Surgery Partners also plans to repay the balance on its revolving credit facility and pay fees resulting from this offering.
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