Cano Health priced its offering of $300 million aggregate principal amount of 6.25% senior notes due 2028.
The notes will be fully and unconditionally guaranteed on an unsecured senior basis by Primary Care Intermediate Holdings, the issuer’s direct parent company, and each of the issuer’s existing and future, direct and indirect wholly-owned domestic subsidiaries that is a borrower or guarantor under the Issuer’s senior secured credit facility. The offering is expected to close Sept. 30.
The announcement follows a report last month that Cano will pay $300 million for 18 medical centers located in Miami-Dade and Broward counties. Read more.
